2. Talent:<\/strong> Professional, leadership skills.<\/p>\n 3. Treasure:<\/strong> Donating goods to a nonprofit organization.<\/p>\n 4. Ties:<\/strong> Leveraging your relationships to help others.<\/p>\n 5. Testimony:<\/strong> Being an advocate of a charity.<\/p>\n No matter how you go about giving back, you can help maximize your impact with these tips from Buckley:<\/p>\n \u2022 Share your experiences:<\/strong> Did you have a great experience volunteering? Is there a cause that\u2019s particularly meaningful to you? Tell your friends and family. Whether you\u2019re on a coffee date or at your child\u2019s soccer game, spreading the word face-to-face is an effective way of advocating for a charity.<\/p>\n \u2022 Comb your closet:<\/strong> You likely have more possessions than you actually need or want. Do a thorough clean-out of your home and donate the items or the profits from the sale of the items to a local nonprofit. Not only are you contributing to a worthy cause, you may gain a tax benefit that doesn\u2019t involve opening your wallet. Just be sure to ask for a receipt.<\/p>\n \u2022 Pass it on:<\/strong> Children will always remember time spent with their family helping others. From planting trees to participating in a walkathon, there are plenty of family-friendly ways to instill the habit of giving back.<\/p>\n \u2022 Be creative:<\/strong> If your days are busy, creatively build giving back into your current schedule. For example, if you\u2019re teaching your teen to drive, incorporate delivering meals to the elderly or infirm into their practice hours on the road. If you\u2019re providing professional advice or tutoring, build video conference meetings into your lunch hour once a week.<\/p>\n \u2022 Create an estate plan:<\/strong> Incorporate philanthropy into your legacy through your estate plan in a tax-advantaged way. One smart way to do so, whether you have significant wealth or not, is through your retirement assets. An added benefit from this giving tactic is that nonprofit organizations do not pay taxes on gifts sourced from a pre-tax retirement plan, as your family would. Consider gifting your heirs other assets such as stock or real estate instead.<\/p>\n
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