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Consider a mission statement: One way to make sure your donations have an impact is to craft a charitable mission statement. It doesn't need to be a dissertation and you don't even have to write it down, but you should be clear about what motivates you to donate.
The list will certainly reveal how much is left in your philanthropic budget, but it will also show you what types of organizations you supported this year.
have some type of "thankfulness" tradition where each member shares what they are thankful for in their lives.
On Thanksgiving Day, we will enjoy family, friends and feasts while giving thanks for the blessings in our lives.
Tally up your giving: As you make these "grateful" lists, you probably begin to think about those less fortunate than you or your family. This is a good time of the year to inventory your annual charitable giving budget.
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Most of us will be asked for donations by family members, co workers, the children who live down the street, etc. We make those donations because we like those people, we admire their effort to raise money or possibly because a donation means they won't knock on our door again until next year.
Donate appreciated stock: If you're looking for another way to give, consider donating your appreciated stock.
Contact your tax or wealth adviser to explore this option.
Whether you're having a Thanksgiving feast that involves just you and your immediate family, or if you're gathering with extended relatives and friends, take note of what you're thankful for and find space in your charitable budget for those who aren't as fortunate as you. It's the beginning of the holiday season and time to embrace the spirit of giving.
Phoebe Venable is president and COO of CapWealth Advisors LLC. Her column on women, families and building wealth appears each Saturday in The Tennessean.
Any appreciated security (current price is higher than the original cost) that you have owned for more than one year can be donated to a public charity and your tax deduction will be the full fair market value of the security up to 30 percent of your adjusted gross income. Since the securities are donated rather than Mbt Shoes Sale Clearance
These solicited donations are perfectly fine and will probably stay on your annual list, but for the majority of your charitable budget, you want to know that the money donated is going to make a difference.
If you've never tried this, give it a try at the dinner table this Thanksgiving Day. It is a great way to remind us of all the love and gratitude that flows in and out of our lives.
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Warren Buffett describes this as "giving with purpose." Identify the issues that you care about, and then find the organizations that are making a difference on those issues. This clarity of purpose will help when deciding whether a given charity merits your contribution. Once you've found this charity or charities, do your due diligence on the organization before giving. Check out the charity through the Better Business Bureau, Charity Navigator or GuideStar.
you appropriated all of your charitable gifts for the 2013 financial year? Making a Vans High Tops White Leather list of all the charitable donations made this year can be beneficial in more than one way.
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Take stock of your charitable budget
Stock investors enjoyed good returns this year. With the Dow Jones topping 16,000 for the first time, many investors have appreciated securities in their portfolios. Donating appreciated securities directly to a charity, rather than donating cash or selling assets then donating the cash proceeds, is one of the easiest and best ways to give.
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