Holding on to your cash?
Posted February 23, 2009
Perhaps with current economic conditions you feel you should hold on to your cash more tightly than before. You are not alone. Many of us are re-evaluating and adjusting how we use our money and this shift applies to our charitable dollars as well. Are you feeling you should cut back on your giving and yet you still have a charitable interest? Is it hard for you to cut back, knowing that the organizations you support are equally affected by the economic conditions?
If so, consider making a gift of property or including organizations in your estate plans.
Do you have assets that you don't need any longer? A condominium, a car, a collection, a retirement plan, an insurance policy or other item of value might make a great gift to your favorite charities. Perhaps now would be a good time to make arrangements in your estate plans to include giving to organizations you value and trust. Many of these arrangements are accomplished through a simple written request, a change in beneficiary or a codicil.
More than ever Opportunity Village needs outright gifts to meet our needs, but if you find you must adjust your giving, perhaps we have another solution that will help you accomplish your goals. Feel free to contact Chief Development Officer Michael Mahaffey to discuss ways in which you can provide support to the Village.