E15: Charitable Giving - Interview with Julia Helgeson of the Joyful Child Foundation
In this episode of Alt Investing Made Easy, Sarah Florer and Roland Wiederaenders discuss the importance of charitable giving, particularly during the holiday season, with Julia Helgeson from the Joyful Child Foundation. Julia shares her journey into nonprofit work, the foundation's mission to protect children, and the various programs they offer. The conversation also covers the legal aspects of charitable contributions, the significance of 501(c)(3) status, and strategies for effective charitable giving, including tax benefits and diverse ways to contribute.
Three Key Takeaways for charitable giving to discuss with your tax advisor:
- You have a personal limit of 60% of your AGI, but can give without limitation through a business organization.
- Many charitable organizations can accept in-kind donations such as marketable securities.
- For people receiving mandatory retirement distributions certain amounts can be given to charitable organizations directly from retirement accounts.
You can reach Julia Helgeson at:
www.thejoyfulchild.org
Credits and Contacts:
Sponsored by:
Real Advisers, Austin, Texas
Real Advisers, Austin, Texas
Special thanks to:
For more information: AltInvestingMadeEasy.com
Please contact us: info@AltIvestingMadeEasy.com
Roland Wiederanders: Roland@grablemartin.com
Sarah Florer: sflorer@grablemartin.com
Disclaimer: “This production is for educational purposes only and is not intended as investment or legal advice.”
© 2024 AltInvestingMade Easy.com LLC All rights reserved
Takeaways
- Charitable giving is a vital part of community support.
- The Joyful Child Foundation focuses on child safety education.
- Nonprofits benefit from diverse skills and talents of volunteers.
- Understanding 501(c)(3) status is crucial for nonprofits.
- Tax-exempt status allows for greater donor contributions.
- In-kind donations can provide significant tax advantages.
- Charitable contributions can be made through business entities.
- Planning giving options can diversify donor contributions.
- Qualified Charitable Distributions (QCDs) can reduce taxable income.
- Engaging with nonprofits can be rewarding for both parties.
Chapters
00:00 Introduction to Charitable Giving and the Joyful Child Foundation
04:21 Julia's Journey to Nonprofit Work
06:49 Programs and Initiatives of the Joyful Child Foundation
09:02 Engaging with Nonprofits: Time, Talent, and Treasure
11:20 Understanding 501(c)(3) and Charitable Giving
14:04 Legal Aspects of Charitable Contributions
16:24 Diverse Ways to Contribute to Nonprofits
19:40 Tax Strategies for Charitable Giving
Creators and Guests
Host
Roland Wiederaenders
Co-founder of the Alt Investing Made Easy podcast, investment advisor, and corporate securities attorney with expertise in private investment funds, corporate/securities issues, mergers and acquisitions, partnership structuring, and federal income tax matters. Roland is also a member of Grable Martin PLLC.
Host
Sarah Florer
Co-founder of the Alt Investing Made Easy podcast, investment advisor, and corporate attorney with expertise in corporate finance and securities, structuring and restructuring, and commercial matters. Sarah is also a member of Grable Martin PLLC.
Producer
Anthony Carrano
Co-founder of the Alt Investing Made Easy podcast, fractional Chief Marketing Officer, entrepreneur, and Managing Partner at Dunamis Marketing.
