From Donating Securities to Opening a Donor-Advised Fund Account, There Are Last-Minute Ways to Help Your Favorite Charity—and Beat the December 31 Tax Deadline
Public Company Information:
SAN FRANCISCO--(BUSINESS WIRE)--With stock prices as unpredictable as winter weather, many Americans are choosing to wait until the last minute to make charitable decisions, hoping for a recovery in the stock market. Fortunately, there are several ways to make contributions on the cusp of the New Year and still beat tax deadlines.
“The holidays are a time to give back to community and causes, but it can also be busy and stressful,” said Kim Wright-Violich, president of Schwab Charitable, one of the country’s largest and fastest growing national donor-advised fund organizations with 12,000 donors and nearly $2 billion in assets. “The key is to find ways to simplify the giving season.”
For donors looking to make last-minute donations, here are some things to consider:
“Americans are among the most generous people in the world, even in difficult economic times, and will often make other discretionary spending cuts before they reduce their giving,” said Ms. Wright-Violich. “Making tax-smart decisions is one way to maximize the money we are able to give to charity. Thankfully, there is still time to make a difference in a way that makes sense for our own finances.”
About Schwab Charitable
Created as a national donor-advised fund organization with a mission to increase charitable giving nationwide, Schwab Charitable has raised over $3 billion and has facilitated more than $1 billion grants to charity since inception. In 2007, the Fund received more than $1 billion in donations, which placed Schwab Charitable among the top ten fundraising charities in the United States and the largest in the State of California. For more information about Schwab Charitable or the Schwab Charitable microfinance program, visit www.schwabcharitable.org.
Morrison Shafroth, 720-470-3653
Communications Strategy Group