We have all seen GoFund me accounts. We have seen non-profit organizations, health organizations, religious organizations, etc. that depend on all of us to do our fair share. In addition to our time, expertise, thoughts, referrals and anything else that we may be able to contribute, they also need our dollars.

There are several ways that you can contribute to one or more charities of your choice on a regular, ongoing basis (they’re in need of this for monthly cash flow and operating expenses and/or consider these favorite charities as part of our final wishes). For instance, if I place money into a tax deferred fixed interest annuity at the end of each year, I could, if I chose to, donate some or all of my growth to the charities of my choice. These types of contracts ask for a beneficiary. The beneficiary can be a charitable organization – it’s your choice.

Another tool that is used is life insurance. The life insurance would be paid out as a death benefit at the end of your life and could be a nice sum of money for you to give to your favorite charity at the end of your life. Sometimes the budget only goes so far when you’re paying mortgages, etc. And our good intentions can still be fulfilled if we do some strategic planning.

These two thoughts allow you to keep the funds in your ownership during your lifetime (if this is your choice) and be able to divert donations as you see fit in the directions that please you the most. Please call me for details. There are many ways that we can use these tools in our lifetime to fulfill many of our intentions.