These days, Bill and Pam Costabile are happily retired to the sunshine of Lehigh Acres, Fla., near Fort Myers. But both still feel strong ties to their old hometown of Flint, Mich., where they lived and worked for more than 40 years–a connection so strong that they’ve become long-distance philanthropists. Bill, age 69, and Pam,
There are tremendous breaks and incentives written into the tax code for charitable giving, and you don’t have to be wealthy to take advantage of them. But they’re most successful for people who truly have a charitable bent — those who sincerely want to see some of their money go to the charity or charities
If a mutual fund sales rep called during dinner to give you his spiel, you’d probably hang up or insist that he send a prospectus outlining the fund’s management, portfolio and performance relative to its peers. A group of former hedge fund managers, tech entrepreneurs and academics have applied the same no-nonsense approach to philanthropy.
Charity fund-raising reaches a fever pitch in the holiday season — and your mailbox will likely be stuffed with appeals for help. Before you open your wallet, you need to understand the complex IRS record-keeping and other rules. Also, make sure the charity is eligible to receive tax-deductible contributions. Search the IRS database of exempt
Lending your financial support to worthy causes feels good – until you feel sapped by frequent requests. Learn how to decline a request or solicit donations from others without overstepping boundaries, and give money in a way that’s meaningful. My friend asked me to contribute to a film project he is crowdfunding, but I would