Why Is Now a Good Time to Give to Charity?

October 5, 2020
There is no question that there is a greater need for charitable giving right now, but are there also advantages for donors and charities?

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After you listen

  • Listen to the Schwab Charitable podcast Giving with Impact at schwabcharitable.org/ImpactPodcast or in your podcast app of choice.
  • Follow Mark Riepe on Twitter: @MarkRiepe.
  • Listen to the Schwab Charitable podcast Giving with Impact at schwabcharitable.org/ImpactPodcast or in your podcast app of choice.
  • Follow Mark Riepe on Twitter: @MarkRiepe.

The coronavirus pandemic has created an enormous need for charitable giving, but there are other tax-smart reasons why donors might be encouraged to give more during this time. In fact, Schwab Charitable reports an impressive surge in giving over the past year. From January through June 2020, Schwab donors committed over $1.7 billion in 330,000 separate grants. This represents a 46% increase in dollars granted and a 44% increase in the number of grants compared to the same period in 2019.

In this special bonus episode, Mark Riepe talks with Kim Laughton, the president of Schwab Charitable. She and Mark discuss how to identify the right charities for you, how to incorporate charitable giving into your financial plan, and how to make the most of recent legislative changes when giving, among other topics.

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