Charitable Giving – Frugalwoods Financial independence and simple living Fri, 22 Mar 2019 10:00:45 +0000 en-US hourly 1 How We Donate To Charities Like Billionaires Wed, 20 Dec 2017 11:00:04 +0000 How We Donate To Charities Like Billionaires

Think strategic philanthropy is just for billionaires? Heck no! It’s for everyone who gives away money. We’re all some strategic bosses with our spending, savings, and investments–charitable giving is absolutely no different. Today we’re going to discuss opportunities to maximize your philanthropic impact, support charities you believe in, and ultimately, make wise financial decisions that’ll benefit others–in other words, how to donate like a billionaire! What could be better? Cookies maybe, although I did eat a lot of cookies while writing this, so maybe that brings it full circle?

Philanthropic giving is something Mr. Frugalwoods and I consider central to our philosophy on money and one reason why we feel called to manage our finances so prudently. Plus, before becoming a full-time writer, I worked for ten years as a fundraiser for a number of different nonprofit organizations in Cambridge, MA, New York, NY, and Washington, DC.

Suffice it to say, between raising money for charities and now writing about money for a living, I think about charitable giving a lot!

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How We Make Meaningful And Tax Efficient Charitable Donations Thu, 15 Dec 2016 13:04:42 +0000 How We Make Meaningful And Tax Efficient Charitable Donations

In the spirit of the holiday season, today I’m discussing how and why Mr. Frugalwoods and I make charitable donations. First, permit me to set the scene. Mr. FW and I consider ourselves to be very fortunate. And among our many, many blessings (which I enumerate here) is our wealth. Although we’re not rich by the standards of Wall Street or corporate CEOs, we’re well off. We’ve grown our wealth by saving exceedingly high percentages (circa 70-82%) of our income every year and investing these savings in low-fee index funds and a revenue-generating rental property.

Through our savings, we’ve enabled a move to our dream home on 66 acres in the woods of Vermont. Through our savings, I was able to quit my day job and instead pursue a career I adore–writing for you fine people–from home. Through our savings, we’re able to stay home and care for our daughter full-time (and Frugal Hound too, of course).

Continue reading How We Make Meaningful And Tax Efficient Charitable Donations at Frugalwoods.

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