The Woodward Financial Advisors Blog

We recently had the opportunity to know exactly where to hit the machine when a client recently approached us with a goal of making a significant charitable contribution in 2020, with the hope and expectation of making the same contribution for as long as they are able in subsequent years. After determining that they could do this without jeopardizing their other spending goals, we set about figuring out the best way to make their gift this year.

Cash may be fine for relatively small gifts, but when the giving involves a few or many thousands of dollars there may be more tax efficient alternatives.