Lord Mayor's Charitable Trust’s Post

Through the #CFC, Federal employees can make charitable donations and pledge volunteer hours to charities you care about. Join the thousands of Federal employees and retirees who donate through payroll deduction and give year-round. Learn more about the four ways to give: https://lnkd.in/eYxSe5xv

TODAY is Webinar Day! Go save your spot now so you don't miss it! We start at 1:00 PM Eastern. The topic: Charitable Giving - How to Support Your Favorite Charities Through Your Estate Plan With a focus on: • The Bequest Strategy • The Charitable Trust Strategy • Gift Tax Exemption Strategy • Beneficiary Designation Strategy Learn more: https://lnkd.in/emjqhGFp #CharitableGiving #SupportingCharities #EstatePlanning #EstateAndAssetProtection #LawFirmLife #ElderLawGeorgia

A donor advised fund (or DAF) might be a great solution for you. You can use a DAF to distribute gifts to numerous charities. With a DAF, you can make gifts to charity during your lifetime, and when you pass away, your children can carry on your legacy of giving. Benefits with your donor advised fund -Establish a flexible vehicle for annual charitable giving -Benefit from a more tax and cost efficient alternative to a private foundation -Obtain a charitable income tax deduction in the year of your gift https://lnkd.in/gniyNYxZ

Spread more Christmas cheer this year. As Christmas approaches, it’s a time to reflect on those less fortunate and consider how we can make a difference through charitable giving. Jo Bateson, Private Client Partner at Mercer & Hole, shares her insights in today’s FT Adviser on 'The tax benefit of supporting charities this Christmas and beyond.' Discover how you can support charities while making the most of available tax relief opportunities this festive season. Read the full article here 👉 https://lnkd.in/eXTbrpjz #CharityGiving #TaxRelief #ChristmasGiving #CharityDonations #FinancialPlanning

💡 Tax-Smart Giving: RMDs Meet Charity 🎁 70½ or older? Here's a game-changer: Qualified Charitable Distributions (QCDs) let you: ✅ Satisfy your Required Minimum Distribution (RMD) ✅ Support your favorite causes ✅ Potentially lower your tax bill 🔢 By the numbers: Donate up to $105,000 annually Directly from your IRA To qualified charities 🏆 Win-win: Meet IRS distribution rules while making a difference!

💡 Children whose parents talk to them about charitable giving are 20% more likely to give to charity than children whose parents do not discuss giving as a family. Getting started can be easy – no matter how old your children are – with these simple tips!

This is just a reminder that as you consider your year-end donations if you are 70 1/2 years old or older, you can transfer up to $100K of your IRA to a charity tax-free each year. This is a required minimum distribution. These transfers, known as qualified charitable distributions or QCDs, offer eligible older Americans a great way to easily give to charity before the end of the year. And, for those who are at least 73 years old, QCDs count toward the IRA owner's required minimum distribution (RMD) for the year. #charitytax #yearend #endoftheyear #donations #tax #ira #habitatforhumanity

💡 Children whose parents talk to them about charitable giving are 20% more likely to give to charity than children whose parents do not discuss giving as a family. Getting started can be easy – no matter how old your children are – with these simple tips!

Charitably inclined individuals can use a charitable gift annuity to donate to charity while enjoying significant tax breaks and a lifetime income stream. And if they’re age 70½ or older, they can now transfer up to $53,000 ($106,000 for married couples) to a charitable gift annuity directly from an IRA and apply the gift toward their required minimum distributions (RMDs) for the year. This article explains the benefits of this technique and why it’s important to properly evaluate the charities receiving gifts. https://hubs.la/Q02B8gDY0