Offering Contributions This Christmas

The Giving Pledge is a non-binding contract started by Expense and Melinda Gates and Warren Buffet to encourage the 1,000 billionaires to provide generously eventually in their life or after death. So, what does The Giving Promise imply to the not-for-profit world and to your specific nonprofit specifically?

You can optimize your charitable offering this year. Congress and the President have actually discussed restricting the deductibility of charitable contributions. You may wish to make a donation in 2012 rather than 2013. This is difficult as the reduction may endure and with rates going up could make it a much better choice to wait.





I do hope the unquestionably appealing and peer-pressure P.R. that include signing The Giving Promise motivate a charitable predisposition philantropy and charity within billionaires who would not otherwise provide (more than the IRS makes beneficial).

Another example of a delayed present annuity is funding the education for a child or grandchild. You set up a present annuity now for your 5 year old grandson and when he is 18 and off to college, the CGA can be activated to pay over the next four or five years. There is some threat as the kid is not obligated to utilize the funds for college. You might be moneying his Corvette Z06.

Whether it is a "Financial Cliff" or a speed or a slope bump, if you make over $250,000 you will pay more one way or another. President Obama might take a difficult line with the GOP because he made a terrific deal of political capital in his re-election. Winning by 2% is still a win and it is not likely he will budge on higher rates. Even if he does jeopardize on the "Bush Tax Cuts", the Affordable Care Act (ACA) much better called "Obamacare" has automated tax increases that will start anyway.

I understand I sound awfully cynical. I am not saying that the promise is a bad concept, that billionaires ought to not decide to offer, or that individuals ought to not sign the pledge. I am saying that it actually will not have any terrific effect on giving in basic and will have an even lower effect on your particular charity.

I 'd enjoy importance of charity to hear what you consider my 4-Step System to Creating Powerful Preaching Introductions. So, please publish your thoughts below and please retweet and like this post to share it with your buddies.