When thinking about our own personal assets we have many choices. We can hold on to them (having our cake), swap them out (trading for a different cake), or sell them and buy a consumable asset (eating the cake).
For many, charitable giving is an important personal value. For those of you who already have charitable intent, then a bit of planning will ensure that your gift is optimized from a tax standpoint, which is a true win-win for both you and the charity you choose to support.
Even though 2020 and 2021 have been a challenge for everyone in very personal and different ways, I believe that one commonality we all share is that these unusual times have reminded us to cherish what we do have and review/revise our life priorities.
As we approach the end of the year and the holiday season, we seem to be bombarded with opportunities for charitable giving. Happily, many of us answer this call and donate generously to our favorite charitable organizations. Your generosity may also be beneficial at tax time if you remember a few tax implications of donations …
The 2017 Tax Cuts and Jobs Act materially changed charitable giving for many Americans by doubling the standard deduction and limiting available itemized deductions. Learn the three most notable changes and three strategies to help maximize charitable deduction contributions.
A donor advised fund (DAF) is a charitable savings account, a type of charitable vehicle opened with a public charity, often a community foundation
On what should have been the last week of school for Buncombe County schoolchildren, we are thrilled to announce the 15 educational and literacy non-profits across our state that will receive $200,000 total in unrestricted Parsec Prize grants. Last fall we made the decision to dedicate the 2020 Parsec Prize grants to education in honor