Financial Advisor

How can you leave a legacy for less money? Here is one way of making a major charitable contribution, even if you are not wealthy.

As an example, let’s say you are 50 and in decent health (assuming a 35 year life expectancy). You are able donate $1,000 a year to your favourite charity.

Here is what you could do:

With a donation amount of $1,000 a year, this would cost you $550 per year after tax credits.

The total is $19,250 over a 35 year period that would come out of your pocket. Using our strategy, you could actually end up donating $162,000 to your favourite charity! This is an effective rate of rate (after tax credits) of 10%! Continue reading ‘How to Leave a Legacy for Less: Affordable Giving’ »

The UK and South African gaming entrepreneur Alan Azizollahoff, founder and CEO of Jade Water Group, Inc., has long been committed to do more than establish and run a successful business. Despite managing an international gaming empire, Alan Azizollahoff has continuously made the time and the effort to further social goals which are dear to him.

Over the years, as Alan Azizollahoff’s business endeavors have been successful, he remained a fervent believer in philanthropic giving. For many years, Azizollahoff has been active in several charitable institutions and has supported numerous Jewish causes, either in Israel or in the United States of America. Here is a partial list of the charities and institutions Mr. Azizollahof champions.

Hillel Community Day School

No matter in which country he lives in or does business in, Alan Azizollahoff has never neglected his Jewish roots, traditions, teachings and beliefs. Samuel Sheck Hillel Community Day School, a North Miami, Florida private egalitarian school for Jewish students from Kindergarten through high school is an institution close to his heart. Continue reading ‘Alan Azizollahoff: A Life of Business and Charity’ »

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Charity has no mater with the rich or the poor. Charity has no relationships with your sex or nationality. Charity is just what you want to do to help others. Love is spread by charity to every corner of the world. So the cliché “one person can make a difference” makes sense. There are many types of charity you can do. As everyone has a different living condition, you can choose the most suitable type of charity to help others.

Money
Monetary donations may be what every organization needs, for charities are nonprofit organizations. They need financial support from contributors to further with their missions. You might not a millionaire, which could not cease you to donate, for you can just give away a few pennies. If everyone is able to donate a few pennies, the charity will raise a large amount of money. Continue reading ‘Types of Charity’ »

Today’s generation is tomorrow’s future, making it imperative that they learn about the importance of philanthropy. It’s important to help children learn the importance of giving back to someone in need all the way into adulthood and extremely important to initiate the learning process of philanthropy early in childhood so they can slowly and steadily learn and adopt the practices of giving back into their lives.

Are you on the lookout for ways that can help you to engage your children in philanthropic work? Consider reading this article that will give you few ways to help your children learn about ways of giving. Continue reading ‘Promoting Philanthropy Amongst Children’ »

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Donating a car to charity is a great act of kindness that you can give to people less fortunate than yourself. You can also get a nice tax deduction when you donate a car and you will gain satisfaction in knowing that you have made a difference to someone in need. To get the best return for your charity and to keep your tax deduction there are a few simple rules to follow so that everyone wins with your charity car donation.

First thing to consider before donating a car is which charitable organization would you like to benefit from probably the biggest donation that you will make in your lifetime. These days there are many car donation charities across the country that accept donated vehicles. You should take a little time and thought as to which charitable cause you really believe in and can see your donation making a real difference to those in need. Continue reading ‘Tips For Donating A Car To A Favorite Charity’ »

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The story of two Hobos

Late one night, deep in the ‘hood, two homeless men curled up on top of a steam grating. It was chilly outside, and the warmth they found behind the old factory was welcome indeed. They made some cheap conversation;

Fat Jack: Hi there, you from these parts? Slim Jim: Reckon I am – I be here ten years now!

Fat Jack: Well the name is Jack, Fat Jack is what I’m called. As a joke, that is. Slim Jim: Joke??

Fat Jack: Cause I’m really darn thin. Not eating right all these years and all… Slim Jim: Well, the same joke here; I’m known as Slim Jim, and no, I never was! Continue reading ‘Charity – The Hobo’s Point Of View’ »

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There are thousands of tax exempt charitable agencies cropping up all over. In fact, surveys show that there are around 2 million not-for-profit organizations in the country. The competition for securing of donor funds therefore can be quite high.

Just like anyone else in the current economy, charities too tend to face the effects of inflation. Government budget cuts reflect quite often on them. And because the demand for services is constantly on the rise, the necessity for a constant flow of donations is vital. There are a number of ways in which charities try to approach you, via email, phone calls, representatives with really strong personalities and more. All of this can leave you completely confused on the right place to give your money to. You have to remember that most charitable organizations are transparent about their transactions, but there are a handful that are not really true to the cause. Continue reading ‘Being A Smart Philanthropist’ »

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Society today is an ever-changing voyage. With Google, texting, Facebook, Twitter and YouTube shaping our children’s views and perceptions of reality, they need more. While there are some great benefits to each of these services, the time our children are spending using these programs is substantial. With these non-personal interactions replacing many types of verbal communication, we need to teach our children the importance of direct interaction. A great way to do this is through “hands on” community service.

One of the great things about volunteer work is that it usually involves dealing with people. And many of those people tend to embrace “Old School” communication methods. There are even some volunteers that continue to thrive in life without a cell phone or a computer. While technology can be a great asset in the coordination and management of community service programs, it rarely replaces the face to face efforts of the volunteers that get the job done. Continue reading ‘Improve Your Children’s Communication Skills Through Community Service’ »

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Despite rapid economic growth in developing countries, poverty still seems to be a big concern for governments. While various programs, schemes and subsidies have been introduced over the years, the most successful has been the innovation of microfinance. While micro credit systems have prevailed many years ago, the most successful and widely recognized organization is the Grameen Bank in Bangladesh, Asia. The founder, Muhammad Yunus was the visionary and pioneer of micro credit implementation in Bangladesh for which he was awarded the Nobel Peace Prize in 2006. His underlying concept was to extend microloans to people living in poverty, enabling them to become self-sufficient and encourage entrepreneurial activities for income generation. Continue reading ‘Rural Development in Asia Through Micro Credit’ »

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Getting rid of that old car of yours could not get any easier. Car donations are on the rise and the IRS is giving incentives to those who choose to donate a car to charity. If you are considering what to give to charity read on to find out about the benefits of car donations.

True the tax laws have been through a lot of changes but that is still no reason for you not to make them work in your favor. A car donation can be a big help in this lame economy. One of the changes you have this tax season is that you only get two choices for credit on car donations. Either you donate to a standard charity or a non-profit organization.

The standard charities for car donations are the ones who by special grant from the IRS have 501-(c) (3) status. They have to be able to prove it too. When you get your receipt it has to have the number right on it. Otherwise you get no deduction. Continue reading ‘Tax Advantages of Donating A Car’ »

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