– Future financing. Even when they are not breadwinners, women tend to make many financial decisions for their families, including charitable giving. And with the transfer of great affectionate wealth, which is expected to be women in particular Inheritances on trillion From dollars, it can have profound effects on charitable giving throughout the country in the near future.
This is, according to Margaret Richardson, the chief marketing and commercial affairs and commercial affairs officials, to whom she spoke last week about women, charitable business and the latest launch of the company’s products. According to Richardson, women are more preoccupied than ever. While they can manage many of these household tasks, many are also looking for ways to make their money management more smooth.
“Women are often charitable makers in their families, and we see that this trend continues only because women have more resources and more responsibilities,” says Richardson.
This is one of the reasons Gofundment She launch her latest products today, and whoever hopes to make charitable giving easier and more influential – and attract some of these trillion. The name Give moneyIt is a type of box that is provided to donors that will allow users to contribute to charitable investment accounts directly on the GOFUNDME.
The popular money is increasingly popular, or DAFS, such as I wrote last year. They are accounts vulnerable to charitable giving, where a broken amount or recurring mechanical contributions can be invested; Ultimately, charitable contributions and gains will go, and tax exempt. It may be useful to think about DAFS as similar to the calculation of 401 (K), a health savings account or 529 accounts. The money that contributed to DAF cannot be restored, it is actually a charitable contribution and the donors are generally qualified for an immediate tax conclusion.
The benefit is that you can donate now, get this tax deduction now (if you detail it), invest the money, then you have more to give up in the future, Among other things. Gofundme Partnership with box managers like Blackrockand State Street International advisers, and forefront To advise the investment options, which are a number of boxes circulating on the stock exchange.
Although many financial institutions offer DAFS, Richardson says that the benefit of doing so on Gofundment is that users will get all the central charitable giving, and receive one annual tax document. There are no administrative fees and there are no lower balances, and users can give their money to any of the 1.4 million charities on the platform.
Richardson says, DAFS is still somewhat specialized products – only about 1 % of Americans use them. But it can be a site like Gofundme that provides them with the start of expanding their attractiveness – after all, the site contains about 200 million users of all levels of income, races and races. The first exposure of people to the investment tool can be.
She says, it makes it easy for people to plan for the future. Many users come to Gofundment after a natural disaster or another event to find reasons to donate it. If they already have a degree of money waiting there they have previously donated it – and may have grown as it has been invested – it can make all charities give more smoothness.
“This may be an effective and effective way for people … get (money) quickly when organizations need more than others,” she says.
Alisia Adamik
Alicia.Adamczyk@Fortune.com
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