Tuesday, December 13, 2005

Arizona Daily Sun-Give to your favorite animal charities

Arizona Daily Sun-: "Give to your favorite animal charities
By Diane Jarvis

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Gosh, it's hard to believe that it is the middle of December already; crunch time for those of us who have put off holiday cards and shopping. Well, here is a little reminder that with the end of the year looming ahead, it is time to think about making donations to your favorite charity that can act as gifts and tax benefits at the same time.

One of my favorite Christmas gifts is a check to the recipient's favorite charity; something I and my friends appreciate far more than another doodad to dust. They're happy, the charity is happy, and I have another tax deduction. And, since most of my friends are animal lovers, most of the checks go to animal-related charities that are near and dear to my heart.

Now that you are thinking about charitable giving, there are many other ways to give year-round. Gifts in kind, such as real estate, company shares, and stocks or bonds can be donated to charities with the potential of reducing the giver's tax obligations. These can also be used to fund charitable gift annuities, which can provide ongoing funds for the charity while offering the giver a guaranteed income for life. Your financial advisor can provide you with the details for such a gift."

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