Teach your children well: here's one sure-fire way to successfully pass it on:
If your heart and your wallet have different ideas about making monetary donations, it is time to summon your inner regifter. An unwanted gift could be a welcome donation to a charitable organization. For help selecting a charitable organization, visit the Better Business Bureaus’ Wise Giving Alliance. You can also contact the government office responsible for registering charities in your state. A little research upfront will make sure that your donation is put to good use. If the process of selecting a charity seems daunting, remember, you benefit from giving as well.
Involving your children in the selection of and contribution to a charity teaches valuable lessons.
Give to causes in your own backyard as well as internationally
You have an opportunity to make a difference.
But be sure your organization meets IRS guidelines, as there may be different tax breaks when you donate certain types of assets to charity.
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