Money Matters: #GivingTuesday
Barry Bigelow with Great Waters Financial discusses strategies for charitable contributions on Giving Tuesday.
In 2020, people gave $808 million on Giving Tuesday, which always follows Thanksgiving, Black Friday, Small Business Saturday, and Cyber Monday.
Bigelow suggests aligning your giving with causes that are important to you and investigating the charity a bit to see how much of donations go to the cause v. overhead.
He said people can also employ strategies like bunching contributions and using donor-advised funds for giving. A financial advisor can help people navigate tax incentives around charity.