Some people believe that they don't have enough money to remember both their family and their favorite charity, but even smaller amounts can have a lasting impact. The easiest way to do this is to name your favorite charities as beneficiaries of part of your IRA. It could save money on your estate taxes and for your heirs, and help nonprofits long after you pass away. Since we are a 501(c)3, we are tax exempt and so the full amount can be used for our mission.

There is such joy in giving to a worthy nonprofit whose mission is in line with your values. And really, that’s the reason most of us give. For many, giving at year end is the last chance to get a tax deduction for the year, too. The vast, vast majority of donations are still cash donations, or “checkbook giving”. This is certainly the easiest and fastest way to give, but in most cases it is not the most tax efficient.