How Can You Maximize Your Charitable Giving?

November 29, 2021
Decisions about what you do with your financial assets are just as important as the decisions you make while you're accumulating them. Most of us want to help others, but is there a smarter way to give to charity?

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After you listen

Throughout the holiday season, you might encounter dozens of appeals for charity. If you decide to give, or if you donate throughout the year, how can you maximize the impact of your gift? In this episode, Mark talks with Sam Kang, president of Schwab Charitable, a nonprofit organization established with the support of The Charles Schwab Corporation to make charitable giving simpler and more tax-efficient.

They discuss direct cash gifts, donor-advised funds, qualified charitable distributions, and other ways of giving—and which types of investors can benefit from each approach.

You can learn more about the science behind why helping others makes us feel good on the "Happiness" episode of Choiceology with Katy Milkman.

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Schwab has solutions for charitable giving.

Reducing RMDs With QCDs

A QCD can be a great way to reduce RMDs and optimize the tax benefits of giving.

Charitable Donations: The Basics of Giving

Helpful tax tips for your charitable contributions, including stock donations.

Mary Anne's Story: How Can You Leave a Legacy and Honor a Loved One?

How did one woman honor her twin sister through a charitable gift?

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