Listen "Donations in Kind, Tithing and Charitable Giving"
Episode Synopsis
Here I discuss how to pay tithing with stocks, called donations in kind. I'm surprised it's not more well known since it can save you a lot of money by avoiding the long-term capital gains tax of 15%! I'll discuss how and why we want to model charitable giving to our kids, some charities we like to support (Charity: Water and Watsi), where to find unbiased reviews of charities (Charity Watch or Charity Navigator) and what tithing is. Links to tithing and humanitarian aid by the Church of Jesus Christ of Latter-Day Saints:https://www.churchofjesuschrist.org/comeuntochrist/article/what-is-tithinghttps://www.latterdaysaintcharities.org/https://www.deseret.com/faith/2020/2/14/21133740/mormon-church-finances-billions-presiding-bishopric-ensign-peak-tithing-donations-byu-real-estateLinks to donations in kind:https://philanthropies.churchofjesuschrist.org/gift-planning/what-to-give/assets/securities/procedure-for-donating-securitieshttps://tech.churchofjesuschrist.org/wiki/Donations_in_kindhttps://support.vanguard.com/triage/coo/926106C5https://www.irs.gov/taxtopics/tc506Please feel free to send any questions my way at [email protected] DM @kaeliwood on Instagram Hosted on Acast. See acast.com/privacy for more information.
More episodes of the podcast One Less Thing
Deciding How Many Kids to Have
21/04/2023
Pacing Yourself to Avoid Financial Burnout
06/04/2023