Cherry Picking Your Charity Picking
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The Community Foundation presented its Coachella Valley edition of The Philanthropic Series at Rancho Las Palmas in Rancho Mirage on September 25. The event included some great speakers across various topics, including: "Real Estate Exit Strategies" in relation to charitable giving; a crystal ball look into the future of all types of taxes; and some insight into "What's Ahead for the U.S. & California Economy."
This was a top-notch event put on by the charitable organization and allows them a chance to strengthen ties with the Coachella Valley.
Michael McGreevy, from Private Asset Management, and Board Member of the Coachella Valley Fund said, "The Philanthropic Series seminar was full of useful estate planning information. I was particularly impressed with the segment that addressed the future of the U.S. and California economies."
In setting up an overall estate plan, charitable gifting is an often overlooked option. For example, some people might have a hard time coming to a decision about which charity to give to, or if they want to give to more than one charity, then they become worried about creating additional complications to their estate plan.
The Community Foundation has made Cherry Picking your Charity easy. You just put them as the recipient of your charitable gift, and then they distribute your gift to other non-profits aligned with your charitable interests.
Depending on the type of gift you want to establish with the organization, it can be spread across many charities. As stated on their informational materials:
"In response to the wishes of Coachella Valley leaders, The Community Foundation...has created The Coachella Valley Fund to match donors' philanthropic interests with gifting opportunities to a wide variety of charitable organizations solely within the Coachella Valley. Funds given to The Coachella Valley Fund shall be used exclusively to benefit causes in the Coachella Valley."
There are many great charitable organizations in the Desert, The Community Foundation is another one worth your consideration.
Further, it is my understanding that they have contributed more to Coachella Valley projects (nonprofits) than they have received from valley donors. Desert it is time to give back.
In another blog post I will discuss the possible benefits of charitable giving when coordinated with an overall estate plan--but I will state here that the benefits are significant. Further, the pride one feels knowing that at least part of their estate will truly make a difference in many people's lives can be quite heavenly, I would like to imagine.
