For many people, a personal financial plan is not complete until it includes charitable giving – not just an occasional donation to charity but a plan to “share the wealth.” Walk through the following steps for a primer on the decision-making process, and learn how to make philanthropy a part of your life.
Step 1 - To Give or Not to Give? It’s important to know why you want to give.
Step 2 - How Much To Give? You may be surprised at what you can afford.
Step 3 - How Should You Give? Options range from simple to complicated.
Step 4 - Where Should You Give? You can’t do everything, so here’s how to pick and choose.
Step 5 - When Should You Give? A well-thought-out plan can benefit both you and the charity of your choice.
Questions to Ask: Print out this list of questions, organized by the 5-step categories, as a worksheet to help you get started on your own charitable-giving plan. Check out the full detailed plan via Minnesota Public Radio.