Getting the Most Out of the Money You Give: #ColoradoGivesDay2016
Lee J Knoll
November 24, 2016
Regardless of how much money you make each year, the idea of stretching each dollar to get the most out of your money is a familiar concept. Sales promotions (such as the Black Friday and Cyber Monday offers that we will be bombarded with over the next several days), traditional mail-in rebates and coupons, as well as next generation discount vehicles such as Groupon are all common ways used to make the most of the money we spend. However, the same idea of stretching your dollar can also apply to the money you give, as well.
ColoradoGives.org is a year-round online giving website featuring more than 2,000 Colorado nonprofit organizations. The site was founded to encourage year-round charitable giving by providing comprehensive, objective, and up-to-date information about Colorado nonprofits, as well as an easy method for making safe, secure donations online. However, the web site is also home to the annual Colorado Gives Day event.
December 6, 2016 will be the sixth annual Colorado Gives Day and the perfect opportunity to make the most out of the money you give.
All donations accepted through ColoradoGives.org on Colorado Gives Day not only supports the local nonprofit(s) of your choice, but donations are partially matched (or boosted) by an additional $1 million fund.
With Thanksgiving upon us, it is a time to count our blessings and be grateful for all that we have. And as the end of the year approaches, it is also a time to be looking at making any final charitable contributions before the year ends to lower income tax liabilities, as well as use your money to invest in your community and the people in it.
This past weekend, my wife and I sat down to review which nonprofits we will be donating to this year as part of Colorado Gives Day, and we here at Knoll & Company, P.C. would encourage you to do the same. Your donation will help support fully-vetted nonprofits, are guaranteed to be tax deductible (up to IRS limits), and will be boosted to make your donation do even more here in our local communities.
If you need any advice or additional information about the tax benefits and/or limits of charitable contributions, #KnollCPA is here for you.