The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies


Subject:  Re: Charitable Donations Date:  4/20/2011  1:59 PM
Author:  CABob Number:  113238 of 123001

If you give money, however little, to a charity they will, on the average, send you a letter a month asking for more. And some operate telephone banks that call you every month or so for more money. If you give them $25/year, it will all be wasted on letters and telephone calls. So I just give to 12 charities and only once a year each. When a charitable boiler room telemarkets me, I ask them which of my 12 existing charities I should cut off in order to have some for them. That usually ends the conversation. If my contribution levels were identical, I would give 8% of my annual charitable contribu