Many of our clients and advisors ask us these same questions. Our goal is to give you insight and knowledge about how to give back in creative ways you may not have thought of before. Here are a few of the many ways to donate to charities:
1. You can donate life insurance. A lot of people are not aware that this is an option for giving to charity, but it is actually a beneficial option for both you and the charity of your choice. The easiest way to donate your life insurance policy is to decide which charity or organization you want to receive it and set up the right beneficiary designation with your estate planning attorney so the charity will be sure to get the full benefit of your policy.
2. Utilize Amazon Smile. Another way to give back to a charity is through Amazon Smile. This is such a neat feature that Amazon has added for its consumer base. It’s really simple; all you have to do is select a charity of your choice and when you shop on Amazon Smile (just like the original Amazon), your charity will receive .5% of the profits. This may not seem like a lot, but it really adds up over time.
3. Access your credit card benefits. Giving credit card miles and rewards is one of the most convenient options for most people. In fact, almost all credit cards today are set up with this option. Ready to get started? Check with both your charity and your credit card company to find out these details.
Giving back doesn’t have to be a complicated process or only completed through your estate planning. The key here is to find a way to give that works for you and for your charity of choice. Keep your eyes open to new opportunities. Many companies offer creative and unique ways to give back, such as Amazon Smile. If you’re ready to start giving through your estate plan or want to make sure your giving can continue if you become incapacitated, don’t hesitate to let us know. Contact us to get started on (or continue!) giving back to the charities you care about.