During the last year and a half, many charities that have relied on fundraising events and in-person relationship building have suffered. The financial insecurity many individuals faced also caused them to withdraw their monthly donations. Meanwhile, according to an article in The Wall Street Journal, “The coronavirus has spurred roughly $13 billion in donations to relief funds and for medical and vaccine research – more than all donations to 12 other big disasters combined, including the 9/11 attacks, the 2008 financial crisis, and hurricanes Harvey and Sandy, according to an analysis by Candid, which tracks and analyzes global philanthropy.”
If you want to make charity a part of your financial plan, don’t wait until the holidays, start the process now. There are ways to leverage your portfolio to help the organizations you care about while also benefiting your tax strategies.