2012 Charitable Giving Strong Despite Weak Economy

Charitable giving is a great way to help others and the community. It’s a staple topic of conversation among estate planning attorneys, accountants, and related financial professionals, as well as fresh on the mind of many affluent individuals, families, and small business owners. CNBC has this article encouraging people not to use the uncertain 2013 tax situation as an excuse for procrastinating, but rather to map out charitable giving scenarios and choose one to follow this year. And the WSJ has this blog post about the 2012 Bank of America study of high net worth charitable giving with some encouraging findings, including that affluent individuals and families are still giving generously to charities despite the difficult economy we’re all grappling with.

Charitable giving can be done through a trust, a donor advised fund (at the Greater Kansas City Community Foundation, the  National Christian Foundation, or the Jewish Community Foundation, for instance), or through individual or corporate donations. Even amidst the economic turmoil and uncertainty we’re all experiencing, we encourage everyone to honor their favorite charities or causes and remember those less fortunate this holiday season in their personal charitable giving – remember, we’ve all been blessed immeasurably and sharing with others is caring for them. If you want to set up a trust or donor advised fund for your charitable giving, our law firm, Johnson Law KC LLC, can help. Give us a call (913-707-9220) or email (steve@johnsonlawkc.com) to schedule a convenient appointment.

(c) 2012, Stephen M. Johnson, Esq.

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