While Thanksgiving is the obvious holiday we look forward to in November, there are two lesser known “holidays” of National Philanthropy Day (11/15) and Giving Tuesday (Tuesday after Thanksgiving) that also embrace the spirit of giving, sharing, and being grateful. To this end, we wanted to share with you some of our favorite charities and community organizations that we support throughout the year.
Craig is proud to be a board member of both the Madison Community Foundation and Madison Rotary Club. The Madison Community Foundation started with a focus on neighbors supporting neighbors. It has now expanded as a permanent means for various donors to provide charitable benefits within our geographic area. They serve as the local steward to those funds by maintaining financial records, investing, and prudently managing the assets.
The Madison Rotary Club is the local arm of one of the largest service organizations in the world with over 1.2 million members. As an example of their International reach, they are the only service organization in the world to be represented in the U.N. and most recently, to have partnered with the Bill and Linda Gates foundation initiative to eradicate polio.
Kim has dedicated time to the Social Justice Committee at Temple Beth Tikvah. The group is very active with supporting local food banks, global initiatives like the Crop Walk that takes place every year in Guilford, and volunteering at the Branford Community Dining Room. She also is a supporter of the ABC Program in Madison. This program provides academically-talented young men of color an opportunity to attend Daniel Hand High School for 4 years. In turn, providing them with the experience, skills, and leadership roles to excel in college and beyond. Her family hosts one of the current students and believes strongly in the need to support and foster the ABC program in our community.
Many of our clients are charitable-minded, giving both their time and financial resources to worthy organizations. Where appropriate, we may suggest the use of a Qualified Charitable Transfer or QCD to make monetary donations. This strategy is available to clients that are age 70.5 and above, who are charitably inclined, and would like to reduce their taxable income. If you would like additional information on this tax strategy, please let us know. We would love to hear about your favorite charity or organization to see if there is a way for us to partner together to make a difference.