Amplified Giving

"Bunch" Your Charitable Giving to Maximize Tax Deductions

[fa icon="calendar'] January 16, 2018 at 4:54 PM / by Matt Keller posted in Charitable Giving, year-end giving, Donor Advised Fund, DAF, Tax Reform, Tax Deduction

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According to the IRS, more than 36 million people offset their 2015 tax bills by taking charitable-giving deductions. The new Tax Cut and Jobs Act passed by congress and signed into law in December increases the standard deduction that taxpayers can claim from $6,350 for single filers and $12,700 for those filing jointly to $12,000 and $24,000 respectively. Many feel that increase may lead to fewer taxpayers itemizing and a potential drop in charitable giving. But there is a way for charitable-minded individuals to continue to make gifts and get the tax breaks they’ve come to enjoy. It’s what accountants call “Bunching.”

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Open a Donor-Advised Fund with Bitcoin

[fa icon="calendar'] December 21, 2017 at 5:08 PM / by Matt Keller posted in Charitable Giving, year-end giving, Donor Advised Fund, DAF, Tax Reform, Tax Deduction

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Investment savvy individuals are taking note of the skyrocketing prices of cryptocurrency like Bitcoin over the past several months. Many may still not know much about this virtual asset or how it works, but several who have it are calling RenPSG to open Donor-Advised Funds with it and alleviating some of their tax burdens.

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Uncertainty over Tax Reform Drives Investors to Charitable Gifts

[fa icon="calendar'] November 28, 2017 at 9:05 AM / by Matt Keller posted in Charitable Giving, year-end giving, Donor Advised Fund, DAF, Tax Reform, Tax Deduction

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Rarely does a week pass without some shakeup in Washington D.C. making the headlines. Most recently, the debate over tax reform has taken center stage and on this Giving Tuesday, it is a pertinent time to examine how the proposed changes are sure to influence charitable giving practices. Investors across the country are taking note and have been making serious moves to benefit from the existing tax laws before any changes go into effect.

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Make a Year-End Gift that Gives All Year

[fa icon="calendar'] November 10, 2017 at 1:48 PM / by Matt Keller posted in Charitable Giving, year-end giving, Donor Advised Fund, DAF

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Study after study has shown that charitable giving trends ramp up in the fourth quarter. Bolstered by holiday spirit and the need to make gifts to avoid taxes, December is, by far, the month when individuals feel most charitable. But what about the rest of the year? While nonprofit organizations are getting flooded with donations in November and December, charitable giving tends to taper off considerably after January 1st

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Weathering the Storm Together

[fa icon="calendar'] October 4, 2017 at 9:51 AM / by Renaissance posted in Charitable Giving

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According to FEMA, there have been 105 declared natural disasters in the United States this year. From the flooding in Arkansas, Missouri and parts of Illinois, to the wildfires in California and the Pacific Northwest, to the most recent devastation experienced in Houston, Florida, the Virgin Islands and Puerto Rico caused by hurricanes Harvey, Irma and Maria, thousands of people are now homeless and billions of dollars and many months will be needed to complete a full recovery.

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Tax Time Again

[fa icon="calendar'] April 14, 2017 at 1:29 PM / by Renaissance posted in Charitable Giving

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Next-Generation of Giving Power

[fa icon="calendar'] January 24, 2017 at 4:07 PM / by Renaissance posted in Philanthropy

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Making the Most of Trump's Probable Tax Cuts

[fa icon="calendar'] November 17, 2016 at 10:46 AM / by Renaissance posted in Philanthropy

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Our team loves to share great reads and yesterday a piece by Ben Steverman on Bloomberg.com was circulated. Be sure to take a few minutes to read the article but the overall premise he makes is to get your deductions this year because next year’s deductions may be less valuable. Of course, we were most interested in the portion of the article on charitable giving.

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Expand your Base of Charitable Giving Knowledge

[fa icon="calendar'] September 7, 2016 at 8:18 AM / by Renaissance posted in Philanthropy

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With Labor Day weekend behind us, we say good-bye to summer and gear up for our favorite time of year; giving season.

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Introducing RenPSG

[fa icon="calendar'] May 24, 2016 at 4:29 PM / by Renaissance posted in Philanthropy

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