The Big Picture

Maximizing the impact of your donation: saving on fees means more money for great charities

Maximizing the impact of your donation: saving on fees means more money for great charities

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We recently discussed how you can give to reduce the administrative burden on charities. This post will focus on how you can save money on fees and give tax-efficiently so that more of your charitable budget can go directly to the organizations you want to support. This is an updated version of a post we originally ran in 2012 ; some content is the same, other content has been added or updated.

> Don’t wait until the last minute. Many donors wait until the very end of the calendar year to give. If you’re hoping to make a donation by that deadline, we strongly advise against this. Here’s why: Some methods of donating require some planning and preparation, such as giving appreciated stock.

Checks are tax-deductible according to the postmarked date on the envelope— you can’t write a check in 2018, backdate it to 2017, and claim a […]

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