E15: Charitable Giving - Interview with Julia Helgeson of the Joyful Child Foundation

Alt Investing Made Easy

Dec 12 2024 • 5 mins

In this episode of Alt Investing Made Easy, Sarah Florer and Roland Wiederaenders discuss the importance of charitable giving, particularly during the holiday season, with Julia Helgeson from the Joyful Child Foundation. Julia shares her journey into nonprofit work, the foundation's mission to protect children, and the various programs they offer. The conversation also covers the legal aspects of charitable contributions, the significance of 501(c)(3) status, and strategies for effective charitable giving, including tax benefits and diverse ways to contribute.


Three Key Takeaways for charitable giving to discuss with your tax advisor:

  1. You have a personal limit of 60% of your AGI, but can give without limitation through a business organization.
  2. Many charitable organizations can accept in-kind donations such as marketable securities.
  3. For people receiving mandatory retirement distributions certain amounts can be given to charitable organizations directly from retirement accounts.

You can reach Julia Helgeson at:


jhelgeson@grablemartin.com


julia.helgeson@thejoyfulchild.org


www.thejoyfulchild.org

Credits and Contacts:

Sponsored by:
Real Advisers, Austin, Texas


Special thanks to:

Grable Martin PLLC

Red Sun Creative, Austin, Texas

For more information: AltInvestingMadeEasy.com

Please contact us: info@AltIvestingMadeEasy.com

Roland Wiederanders: Roland@grablemartin.com

Sarah Florer: sflorer@grablemartin.com


Disclaimer: “This production is for educational purposes only and is not intended as investment or legal advice.”


© 2024 AltInvestingMade Easy.com LLC All rights reserved


Takeaways

  • Charitable giving is a vital part of community support.
  • The Joyful Child Foundation focuses on child safety education.
  • Nonprofits benefit from diverse skills and talents of volunteers.
  • Understanding 501(c)(3) status is crucial for nonprofits.
  • Tax-exempt status allows for greater donor contributions.
  • In-kind donations can provide significant tax advantages.
  • Charitable contributions can be made through business entities.
  • Planning giving options can diversify donor contributions.
  • Qualified Charitable Distributions (QCDs) can reduce taxable income.
  • Engaging with nonprofits can be rewarding for both parties.

Chapters

00:00 Introduction to Charitable Giving and the Joyful Child Foundation

04:21 Julia's Journey to Nonprofit Work

06:49 Programs and Initiatives of the Joyful Child Foundation

09:02 Engaging with Nonprofits: Time, Talent, and Treasure

11:20 Understanding 501(c)(3) and Charitable Giving

14:04 Legal Aspects of Charitable Contributions

16:24 Diverse Ways to Contribute to Nonprofits

19:40 Tax Strategies for Charitable Giving