“If our Christmas gift list includes service to those who badly need help, as well as to friends and family, then our giving can be complete. Remember, the poor and needy are among us 12 months of the year. “Spokane Cares .Org.
Your charitable donations can inspire your nearest and dearest to give to causes important to them, and could even bring about a family wide effort to back a charity or even charities.
Many philanthropists are driven by a deep desire to solve social problems and help others. In addition, the U.S. federal tax code incentivizes giving in a variety of ways, providing donors with deductions against income, capital gains and estate taxes for charitable contributions.
“charity” is a noun, meaning:
The voluntary giving of help, typically money for those in need. It is through giving that we enrich and perpetuate both our own lives and the lives of others.
“We make a living by what we get. We make a life by what we give” Winston Churchill
Waddell & Reed and its representatives do not offer legal or tax advice. Consult with your tax and legal advisors regarding your individual situation.