Making a charitable donation is not only a chance to make a difference but also an excellent way to reduce your tax burden for the year. To provide you with timely education and insights into the best ways to use charitable donations to reduce your taxes, we sought the help of our guest speaker, Kim Laughton.
Kim Laughton is President of Schwab Charitable, a non-profit, donor-advised fund provider. It was established with the support of Charles Schwab & Co., Inc. to make charitable giving simpler and more tax-efficient for clients. Kim is responsible for the general management of Schwab Charitable and the fulfillment of its charitable mission, setting strategy and priorities and ensuring all contractual obligations and goals are met. Kim has been recognized as one of the most influential women in Bay Area business. She holds a BA in economics and a BS in biology from Stanford University and an MBA from Harvard Business School.
In our conversation, recorded in the video below, we discussed:
Charitable giving trends
Possible implications tax reform could have on charitable giving
Available options to consider before making a gift
Benefits of setting up donor-advised fund
And more!
If you are looking for tips on making tax-smart charitable donations, watch the video now!
