Throughout Southern California
View Our Practice Areas

Trust But Verify The Status Of Your Charities

6a017d3e6b2617970c0192ac0f4917970d-320wi.jpgCharitable giving should be encouraged. Before giving to a charity, however, it is important to ascertain that the charity is what it purports to be.

The end of the year tends to be the most charitable of times, both for the sake of the holidays and for the sake of end-of-year tax moves. However, now that we have officially crossed the halfway point in the year (and then some) it is not too early to start your 2013 charitable planning.

To help prime the pump regarding your charitable giving goals, consider two recent articles courtesy of Forbes.

The first article is titled "Give Your Property To Charity..." and it deals with some real life (and largely football-based) examples to make the case for charitable giving largely to the exclusion of leaving an inheritance to your heirs. While that might be something of an extreme position for many, it is not without merit for others. Regardless, whether you give a little each year to charity or are intending to give it all to charity upon your passing, there is good reason to do your due diligence.

Following on the heels of the first article, the second is appropriately titled "...But Make Sure It's A Charity." Fact: not all charities are alike in form, even if they are all good at heart. In reality, some charities can be less "charity" than advertised, either in terms of their correct legal formation or in their bona fide charitable substance. If you give to larger national charities, then this likely is less of an issue. On the other hand, many smaller charities operate solely on the good will and donated time of their volunteers. Consequently, these "mom and pop" charities may not have been formed correctly or may operate in such a way as to threaten any possibility of tax-favorable treatment.

Then again, bigger charities cost money and many rely on professionals instead of volunteers. As a result, these professionals soak up a higher and higher percentage of overhead, and sometimes without demonstrable effect.

In short, there are many factors to weigh when it comes to charitable giving. As these bookend Forbes articles illustrate, it is important to examine both your own charitable goals and the charities themselves before making gifts large or small.

No Comments

Leave a comment
Comment Information
Email Us For A Response

Find Out The Difference That Experience And Expertise Makes

Get the peace of mind that you deserve. First, attend a seminar. This will entitle you to a free initial consultation and a discounted estate planning fee. To learn more about our services or sign up for a seminar, contact us online or call us at 866-402-1805. We have offices in Torrance, Orange, Newport Beach, Pasadena and Woodland Hills.

Questions? Contact Us.

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

Call Now For A Free Consultation: 866-402-1805
  • ${site.data.firmName}${SEMFirmNameAlt}
  • Main Office: Torrance

    Torrance Office
    990 West 190th Street
    Suite 500
    Torrance, CA 90502

    Toll Free: 866-402-1805
    Map & Directions

    Orange Office
    333 City Boulevard West
    17th Floor
    Orange, CA 92660

    Toll Free: 866-402-1805
    Map & Directions

    Newport Beach Office
    5000 Birch Street
    Suite 8000
    Newport Beach, CA 92660

    Toll Free: 866-402-1805
    Map & Directions

    Pasadena Office
    790 East Colorado Boulevard
    9th Floor
    Pasadena, CA 91101

    Toll Free: 866-402-1805
    Map & Directions

    Woodland Hills Office
    5850 Canoga Avenue
    4th Floor
    Woodland Hills, CA 91367

    Toll Free: 866-402-1805
    Map & Directions

    Office map
Check out The Law Firm of Kavesh, Minor & Otis on Yelp
Check out Kavesh Minor & Otis on Yelp
Check out The Law Firm of Kavesh, Minor & Otis - Orange on Yelp
Check out The Law Firm of Kavesh Minor & Otis - Pasadena on Yelp