Carnegie Investment Counsel Blog

An Easy Way to Give Back

Posted by Raz Pounardjian on Dec 7, 2016 4:31:27 PM

About five years ago, “Giving Tuesday” was created and is celebrated the first Tuesday after Thanksgiving. This day celebrates and encourages giving in both monetary and non-monetary ways. Just on that day alone, approximately $117 million was raised online for charities. The increased awareness for charitable giving is a testament to the
good hearted and selfless nature of many individuals and corporations.

We here at Carnegie recently spent an afternoon cooking lunch for those in residence at the Ronald McDonald House in Cleveland. Sometimes it’s best to get away from the grind of “every day” life and give back to those in need and less fortunate. As someone who spends the majority of his days in the office, I really enjoyed preparing a meal together for those in need with my fellow co-workers. 

One of the ways we have helped encourage charitable giving is through the use of Donor Advised Funds.

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Topics: Giving

How To Give Your Income Tax To Charity From an IRA

Posted by Donald L Haisman, CFP® on Nov 29, 2016 4:35:16 PM

Is it true?  Can I really?  There must be some catch?

These are some of the questions I received recently to my suggestion of giving taxes to charity.  My answer is a frank, ‘yes’. You can give some of your taxes to any qualified public charity.  The “giving” I am talking about is called Qualified Charitable Deduction (QCD). 

Recent History

Last December Congress made a permanent provision in the tax code.  Please note, there are two catches.  First, you must be age 70 ½ or older, and second, you must make the donation only from an Individual Retirement Account (IRA). 

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Topics: Giving

Charitable Donations: How To Pay It Forward

Posted by Bob Carroll on Nov 12, 2014 11:42:00 AM

Giving 101:

As the calendar year approaches its end, many people start receiving what seems like an endless series of requests for charitable donations. Even if you are in the witness protection program, colleges, community organizations, and places of worship know where to find you this time of year!

Gifting is a great way to leave an impact on the organizations and people you care about most. Gift-giving falls under the application of tax code, so be sure you consult a qualified tax advisor regarding your specific situation. However, before you take out the checkbook and make your donation or gift to a family member, there are a few other things to keep in mind when it comes to giving.

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Topics: Giving

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