Cash Donation

Small cash donations are the most common gift. Everyday people will donate on average $200-$500 to charitable causes they believe in each and every year. Gifts of this nature are usually fairly limited as the cash donated is coming right out of income that families are using to pay their day-to-day expenses.

From a tax point of view, the donor will receive an immediate charitable tax receipt that can be used to reduce their taxes due on their annual tax return.

Many charities count heavily on cash donations to fund their operations. Volunteer fundraising activities pursue these small donations that are put to immediate use.

At Transitions Wealth Strategies, we review our client’s philanthropic goals as part of the financial planning process. While we support any donation to charity, we find that most of our clients don’t realize that, with planning, a much more significant gift can usually be created for their charity or charities of choice using no more than the same annual cash donation dollars that they are giving now. In particular, see the "Cash for Life" giving strategy.

Contact us and we'll evaluate what giving strategy meets your goals and financial plans most effectively.

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