There are many principles that guide American’s charitable giving habits. From the flows of the economy, to rising political issues, to increase in social status, to a genuine desire to give back, these reasons are found to fluctuate with time and the changes that time presents. Since 2009 (after the great recession of 2008) our economy has seen a steady increase of giving per year.
For many families, charitable giving is a built-in part of their yearly financial goals. But the new tax code presents unique challenges to donors’ tax benefits from their gifts. I’d like to lay out some creative strategies for you to consider when you make your charitable donations this year.
