You are here: Home Day to Day Living Charity: Giving To How To Stretch Your ...
Information about all aspects of finances affected by a serious health condition. Includes income sources such as work, investments, and private and government disability programs, and expenses such as medical bills, and how to deal with financial problems.
Information about all aspects of health care from choosing a doctor and treatment, staying safe in a hospital, to end of life care. Includes how to obtain, choose and maximize health insurance policies.
Answers to your practical questions such as how to travel safely despite your health condition, how to avoid getting infected by a pet, and what to say or not say to an insurance company.

Charity: Giving To

How To Stretch Your Charitable Donation Dollars

Next » « Previous

3/6

There are several easy ways to stretch your donation dollars. For example:

  • Many employers have matching-grant programs that double the amount of your contributions.
  • If you have a traditional IRA, and are age 70 l/2 and older,  you can transfer up to $100,000 yearly from a IRA directly to a chaarity.  If you are married,  you and your spouse can give up to $100,000 each from your separate IRAs. Qualified charitable distributions can count as required minimum distributions, but they are not taxable and they are not added to your adjusted gross income, so they won't trigger a Medicare premium surcharge.  You cannot deduct the conation. 
  • You can leverage a small donation into a big donation by joining a Giving Circle. A Giving Circle is a group of people who pool their money to have a greater impact on charities. Giving Circles can range from a few people to many. You can find a Giving Circle or learn tips for starting your own at the Giving Circles Network, www.GivingCircles.org offsite link, Tel.: 703.408.0312 
  • Consider making a gift to an organization relating to your health condition that does advocacy work to increase government spending for research and/or services. Giving a dollar to such an organization can mean many times that amount in research and/or services about your condition if the group is effective in obtaining government dollars.

Please share how this information is useful to you. 0 Comments

 

Post a Comment Have something to add to this topic? Contact Us.

Characters remaining:

  • Allowed markup: <a> <i> <b> <em> <u> <s> <strong> <code> <pre> <p>
    All other tags will be stripped.