Donating the 60 Blog

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Use your voice for kindness, your ears for compassion, your hands for charity, your mind for truth, and your heart for love.

It’s that time of year. It’s time to start getting your financial papers in one place so you can be organized when it’s time to meet with your CPA or tax-guy early next year.  You have nine more days to make your charitable contributions for 2016.

We’ve been getting countless phone calls and mailers requesting donations.  “We see that you donated to our charity in 2006 and we know you didn’t forget about us.  Can we have some money?”  C’mon!  I have my select half-a-dozen causes that I regularly contribute to, and I don’t have that much expendable income right now to just write a check to anyone with a hand out. If you’re unsure if your contributions are tax-deductible, be sure to check with your CPA or tax-guy in the next week.

Not that there aren’t some very worthwhile causes, but we can’t all give to everyone.  The IRS allows you to deduct charitable contributions of money or property made to qualified organizations if you itemize your deductions. Some examples of qualified organizations include: religious organizations, most nonprofit charitable organizations (i.e., Red Cross, United Way)  most nonprofit educational organizations (i.e., Boy Scouts, Girl Scouts), nonprofit hospitals and medical research organizations, nonprofit volunteer fire companies, and nonprofit organizations that develop and maintain public parks and recreation facilities.

It does feel good when you do good for others.  Remember these words by Abraham Lincoln:  “To ease another’s heartache is to forget one’s own.”

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