Charitable Giving: Three Steps to a Successful Plan
In 2015, charitably inclined investors donated an estimated $373 billion to organizations across the United States (The Giving Institute, 2016).1 Their reasons varied, but regardless of the purpose, a successful charitable giving plan involves three steps: determining when to give, what to give, and how to give. We examine some common charitable giving strategies, discuss the advantages and disadvantages of each, and present examples to show their effects.
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