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    Nov 27 12

    A Worthy Year for Giving in Newport Beach

    Newport Beach Law Firm

    As the tax year draws to a close and the
    holidays evoke feelings of goodwill, nonprofits count on getting the lion's
    share of donations during this crucial fourth quarter. While unemployment stats
    in recent months have been better than expected, experts predict a difficult
    end-of-year climate for nonprofits.

    Please Give sign on coinsYear’s end is just about upon
    us, but when it comes to tax-planning, there is much to be done before breaking
    out the bubbly. For non-profits and your favorite charities – the ones that
    have survived these past few, hard years – this could be a make-or-break giving
    season.

    Why would this December be an
    especially trying time for charities? US
    News
    and World Report offered
    their own pithy list not too long ago and it’s worth a pause: “Nonprofits Face Challenging End-of-Year
    Giving Season
    .” Simply put, at
    a time when the services of charities have been needed more than ever (with hurricanes,
    droughts, and winter storms all taking their tolls during a sluggish economy)
    charitable giving has, understandably, been less than “generous.” That said, as
    a recent article published by the Chronicle
    of Philanthropy
    indicates, the “Average Gift by the Wealthy Has Declined
    Since 2009
    .

    If you’re inclined to contribute
    to a worthy cause before year’s end, you are well-advised to visit with your
    estate attorney or financial advisor about ways to best leverage your gift both
    for charitable and tax purposes. There are many strategies available that may
    make a larger gift more affordable than you think.

    A great upcoming charity event is the OCYE Casino Royale Winter Gala benefitting Big Brothers Big Sisters Orange County. The event is at a 15,000 sq. ft. home in Shady Canyon and features a James Bond theme, fine dining, cocktails, casino games, raffles, live band, and awesome prizes. It is the must-attend event of the holiday season! Buy your tickets today!

    Contact your Newport Beach
    estate planning attorneys at Meier Law Firm to discuss all of your estate planning
    needs
    .

    References: US News and
    World Report
    (November 12, 2012) “Nonprofits Face Challenging End-of-Year
    Giving Season

    The Chronicle of Philanthropy (October 29, 2012) “Average Gift by the Wealthy Has Declined
    Since 2009




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    Meier Law Firm | 2103 Vista Entrada, Newport Beach, CA 92660
    phone: 949.718.0420 e-mail: office@meierfirm.com