#GivingTuesday: How to Make a Larger-Than-Life Impact

On Tuesday, Nov. 28, individuals and organizations around the world will support #GivingTuesday, an opportunity to donate time, voice and dollars to nonprofits.

Already this year, 1.64 million gifts totaling $177 million have been donated in more than 98 countries as a direct result of the #GivingTuesday campaign (givingtuesday.org). Those numbers continue to increase as Nov. 28 draws near.

While many people will choose to make a one-time donation—whether it be assisting at a food bank during the holiday season or $50 to an animal shelter—there are additional opportunities to make a larger-than-life impact.

One such way is to consider incorporating charitable giving into your estate plan. If you have children and/or a spouse, you may be hesitant to give your money away to an entity other than them. However, tax incentives associated with providing for a charity are often overlooked. Additionally, your loved ones may enjoy tremendous pride through your legacy living on at an organization—perhaps a scholarship in your name.