Great post! There is a significant amount of value that could be unlocked by practices such as this; one estimate suggests that perhaps 40% of all US donations are made by households that do not itemize deductions.
A potentially good tool for implementing these ideas is the “charity gift card”. The program offered by CharityVest is easy to use (I am not affiliated with them, but am a satisfied client), but there are several other firms offering something similar as well (not sure who was first, maybe TisBest?). The advantage in this context (at least for the CharityVest version, not sure about the others) is that Bob gets to develop a relationship with one or more of his preferred charities directly, without involving Alice beyond a single transaction.
Great post! There is a significant amount of value that could be unlocked by practices such as this; one estimate suggests that perhaps 40% of all US donations are made by households that do not itemize deductions.
A potentially good tool for implementing these ideas is the “charity gift card”. The program offered by CharityVest is easy to use (I am not affiliated with them, but am a satisfied client), but there are several other firms offering something similar as well (not sure who was first, maybe TisBest?). The advantage in this context (at least for the CharityVest version, not sure about the others) is that Bob gets to develop a relationship with one or more of his preferred charities directly, without involving Alice beyond a single transaction.