Best practices for planned charitable giving
March 30, 2012 8:56 AM Subscribe
How can I be more consistent and organized with respect to my charitable donations?
posted by Saucy Intruder to Work & Money (18 answers total) 8 users marked this as a favorite
I'd like to establish an annual budget for charitable donations - maybe $5k including nondeductible items such as political contributions - which would increase over time as my income goes up. In the past, I've acted spontaneously in response to fundraising solicitations and one-time events. This has led to a very sporadic giving pattern where I lose track of when and how much I've donated in the past and has led to me being an unreliable contributor. I would like to be more consistent in my charitable giving and provide consistent ongoing support to the organizations that I care about. On the other hand, I try to be accommodating to charities' requests to respond to fund drives scattered throughout the year.
What are some best practices for managing all of this? (As an aside, at a giving level of 3% of combined AGI, am I a cheapskate?)