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Tag: charitable giving

  • Does science agree it’s better to give than receive? A doctor explains

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    (CNN) — The holidays are here, which means you’re probably thinking about gifts — what to buy, whom to give to and how much to spend. Gift-giving is often framed as a source of stress and obligation, but a growing body of research suggests there may also be something beneficial about giving itself.

    I have wondered if science supports the idea that it’s better to give than receive, and if so, are there measurable health effects? Does it matter how you give, such as money versus time and big gestures versus small ones? And can giving ever backfire?

    I turned to CNN wellness expert Dr. Leana Wen, counting on her for some good advice. Wen is an emergency physician and adjunct associate professor at George Washington University who previously was Baltimore’s health commissioner. She is done with her holiday shopping for her family and friends.

    CNN: Does science really back up the idea that it’s better to give than receive?

    Dr. Leana Wen: Science does support that idea, with some key caveats. Research from psychology, neuroscience and public health shows that prosocial behaviors such as giving time, money or support to others are associated with benefits to well-being.

    That doesn’t mean that giving is always beneficial or that people should give at the expense of their own needs. But taken together, the evidence suggests that generosity can be good for both emotional and physical health.

    CNN: What kinds of health benefits have researchers found?

    Wen: A wealth of research links giving and helping behaviors to better mental well-being, including lower rates of depression and anxiety and higher life satisfaction. Surprisingly, the effects also go beyond mental health: Researchers have found associations between prosocial behavior and lower stress hormones, reduced inflammation, better cardiovascular outcomes and longer lifespan.

    Notably, a large 2023 JAMA Network Open review looked at 30 studies involving prosocial interventions, which include acts of kindness, charitable giving, community volunteering and helping behaviors. Researchers found improvements in mental well-being, lower depression scores, physical activity and even blood test results

    Giving time and effort, such as volunteering at a food bank, often produces stronger benefits than giving money alone. Credit: Drazen Zigic/iStockphoto / Getty Images via CNN Newsource

    CNN: How does giving affect the brain and body?

    Wen: Giving activates reward pathways in the brain in areas linked to pleasure, motivation and social bonding. These actions trigger the release of chemicals such as dopamine and endorphins, which are associated with positive feelings.

    Another key hormone is oxytocin, which plays a role in stress regulation. Oxytocin can lower blood pressure, reduce stress responses and promote feelings of social connection. Over time, repeated activation of these pathways may help explain why generosity is linked to better health, especially in conditions influenced by chronic stress, such as depression and heart disease.

    CNN: Is this just correlation, or is there evidence that giving actually causes these benefits?

    Wen: That’s an important distinction. Some early research was observational, which means it’s possible that perhaps healthier or happier people were simply more likely to give. But more recent studies include experimental designs that strengthen the case for causation.

    For instance, randomized trials have asked participants to perform acts of kindness or generosity and compared them with control activities. These studies have shown short-term reductions in stress hormones like cortisol, along with improvements in mood and emotional well-being. While it is harder to prove long-term causation, the consistency across experimental, biological and population-level data makes a strong case that giving itself plays a role.

    CNN: Does it matter how people give, whether it’s money, time, small gifts or expensive ones?

    Wen: Yes, the type and context of giving matter a great deal. Research suggests that voluntary, meaningful giving is more beneficial than giving that feels obligatory or stressful. Giving time and effort, such as volunteering or helping someone directly, often produces stronger benefits than giving money alone.

    Meaning also matters. Giving that aligns with personal values or strengthens social connection is likely to be more beneficial than something that is impersonal or transactional. All this means that small acts such as writing a thoughtful note, helping a neighbor or spending time with someone who is lonely can have meaningful effects.

    CNN: Can giving ever be harmful?

    Wen: Absolutely. Giving is not universally beneficial. When giving leads to financial strain, exhaustion, resentment or neglect of one’s own health, the benefits disappear and can even reverse. Caregiver burnout is a clear example. People who give extensively without adequate support often experience worse physical and mental health.

    The key is balance. In the ideal circumstances, giving should be voluntary. People should not feel pressure to give beyond their means or capacity, especially during the holidays, when expectations can be high.

    CNN: Who benefits most from giving?

    Wen: Benefits have been observed across age groups, but some populations appear to gain particular advantages. Older adults who volunteer often show better physical functioning and lower mortality risk. People who feel socially isolated may also have significant benefit because giving strengthens social ties and provides a sense of purpose.

    There is also growing evidence that adolescents and young adults benefit from prosocial behavior, with improved mental well-being. Researchers are studying whether structured kindness or volunteering programs can support health across the lifespan.

    CNN: How should people think about gift-giving during the holidays?

    Wen: The holidays can be a good time to rethink what giving means. Instead of focusing on cost or quantity, people might consider gifts that foster connection or shared experience. Time, attention and thoughtfulness matter more than price.

    It’s also important to set boundaries. Giving should not come with guilt or pressure. Choosing to give in ways that feel meaningful and opting out of expectations that cause stress is consistent with what the science suggests about healthy generosity.

    CNN: What’s the takeaway this holiday season?

    Wen: Giving can be good for health, but only when it is done thoughtfully and within one’s means. Science supports the idea that generosity can reduce stress, strengthen social bonds and improve both mental and physical well-being. The holidays offer an opportunity to practice generosity in ways that are healthy, sustainable, meaningful and connected to what matters most.

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  • Canadians aren’t as generous as they used to be – MoneySense

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    The research, released to highlight Giving Tuesday on December 2, also suggests a growing divide by income. Canadians earning $150,000 a year or more account for 49% of all donations, but ever larger segments of the population aren’t giving at all. Over the past 12 months, 31% reported not making any donations to charity. Two-thirds of respondents cited affordability as a reason they are not giving.

    “This year, we’re talking directly to the millions of Canadians who haven’t donated in a while—or maybe have never donated at all—and reminding them that their first gift can make a real difference,” CanadaHelps president and CEO Duke Chang said in a release. “Whether it’s $5 or $50, every donation starts something meaningful.”

    Initiated 12 years ago, Giving Tuesday is a date—the Tuesday following American Thanksgiving—marked by charities worldwide to urge giving back. CanadaHelps works with 86,000 registered charities in Canada to streamline the process of giving.

    The results of the organization’s research are consistent with Statistics Canada’s 2023 Survey of Giving, Volunteering and Participating, released last June, which showed the number of Canadians donating in sharp decline over the past decade. The percentage of Canadians reporting charitable giving declined to 54% from 82% over the period. In absolute terms, the number of givers in Canada has declined by 6.3 million.

    The dollars donated declined more gradually, from $16.4 billion in 2013 to $13.4 billion in 2023, adjusted for inflation, suggesting a smaller group of donors is digging deeper to give.

    And you can’t just blame the economy or affordability for the shift. Fewer Canadians are volunteering for charities—32% of the population in 2023, compared to 44% in 2013. The number of volunteer hours committed decreased to 1.2 billion from 2 billion a decade earlier. The decline in volunteering was particularly marked during the COVID-19 pandemic, especially among women, but it has not shown a significant recovery since.

    A study by the Fraser Institute released a year ago showed the share of Canadian tax filers reporting charitable donations fell to 17.1% in 2022, down from 25.1% in 2002. Likewise, the share of all personal income donated fell to half of one percent from 0.61% 20 years earlier. Unfortunately, the need to respond to issues such as food insecurity has grown as giving has dwindled.
    Recent experience has shown Canadians to still be generous when it comes to giving in response to particular crises, such as forest fires and flood relief, but habitual giving appears to be in a long-term decline.

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    About Michael McCullough

    Michael is a financial writer and editor in Duncan, B.C. He’s a former managing editor of Canadian Business and editorial director of Canada Wide Media. He also writes for The Globe and Mail and BCBusiness.

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  • Donate a coat: Atlanta coat drives aim to help low-income families in need

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    For the first time since 2010, the poverty rate in America shot up dramatically in 2022, according to data from the Census Bureau. That means more Americans can’t afford basic needs like food, clothing, shelter, and utilities than has been the case in more than a decade.

    But the situation isn’t just affecting Americans living in poverty. United Way uses the term ALICE to refer to the increasing number of people who are asset-limited, income-constrained, and employed but are still not able to afford their basic needs. In 2021, 13% of Americans earned below the federal poverty level but many more, 29%, fell under the ALICE umbrella, according to the grassroots movement United for ALICE.

    A study published in August 2022 from Brandeis University found that more than 75% of low-income families working full-time cannot cover the cost of basic needs. What’s more, fewer than 1 in 5 low-income Hispanic and Black families in particular are able to afford the costs of a household budget. “Full-time work alone isn’t enough to cover the everyday essentials most families need to support themselves,” the study’s lead author, Pamela Joshi, who holds a doctorate in social policy, said in a statement.

    If you’re looking for ways to help, particularly as the temperatures drop and the holidays approach, consider cleaning out your closet and donating a coat to those in need. To help point you in the right direction, Stacker compiled a list of coat drives near Atlanta using data from One Warm Coat, a nonprofit that provides free coats to children and adults in need across America. Since 1992, they’ve given out more than 7.85 million coats.

    “This is one very small way to take a step forward and do something very tangible,” One Warm Coat CEO Beth Amodio told USA Today in October 2023. “It’s impossible to change the world. But it is possible to change one person’s experience, one person at a time.”

    Read on to find out where you can contribute.

    Gateway Center
    – Address: 275 Pryor St., SW, Atlanta, GA 30303

    3Keys
    – Address: 234 Memorial Dr SW, Atlanta, GA 30303

    Rice Ministries
    – Address: PO Box 490875, Atlanta, GA 30349

    Barred Business
    – Address: 477 Windsor Street, Atlanta, GA 30312

    Barred Business
    – Address: 477 Windsor St, Suite 204 A, Atlanta, GA 30312

    Communities In Schools of Atlanta
    – Address: 101 Marietta Street, NW Suite 2800 Atlanta GA 30303, Atlanta, GA 30303

    SafeHouse Outreach
    – Address: 89 Ellis St nE, Atlanta, GA 30303

    Crossroads Community Ministries
    – Address: 420 Courtland st ne, Atlanta, GA 30308

    Southside Medical Center
    – Address: 1046 Ridge Ave SW, Atlanta, GA 30315

    Midtown Assistance Center
    – Address: 613 Spring St NW, Atlanta, GA 30308

    Atlanta’s Children’s Shelter
    – Address: 607 Peachtree St NE, Atlanta, GA 30308

    CHRIS 180
    – Address: 1976 Flat Shoals Rd A, Atlanta, GA 30316

    J.Crew – Ponce City Market
    – Address: 675 Ponce De Leon Ave NE, Atlanta, GA 30308

    Kera’s Helping Hands
    – Address: 542 Moreland Ave., Atlanta, GA 30316

    Intown Cares
    – Address: 1026 Ponce De Leon Ave NE, Atlanta, GA 30306

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  • The heart of Charlotte’s philanthropy beats on — but under new pressures

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    People wait in line at Crisis Assistance Ministry in Charlotte on Thursday. Like many nonprofits, Crisis is wrestling with tough trends in the nonprofit sector.

    People wait in line at Crisis Assistance Ministry in Charlotte on Thursday. Like many nonprofits, Crisis is wrestling with tough trends in the nonprofit sector.

    Knikouyeh@charlotteobserver.com

    Philanthropy runs through Charlotte’s veins. For decades, the city’s culture of giving has left its fingerprints on some of the most robust and meaningful institutions in the Queen City.

    Billions of philanthropic dollars are pumped through the greater Charlotte region each year from households wanting to curb food insecurity, invest in their churches, address homelessness, support afterschool education, fund the arts and much more.

    Hundreds of private and family foundations call the city home and focus on uplifting the community in a variety of ways. The namesake of one such foundation, Leon Levine, is etched on buildings all across Charlotte — a testament to the impact of the philanthropic powerhouse.

    But over the years, and increasingly in recent months, the playing field has shifted. The nonprofit industry, which some consider to be the lifeblood of Charlotte, has become inundated with increased competition and shifting donor priorities.

    This shift has crept up on the industry for at least the past decade, one state expert said. But recent cuts to nonprofits’ government funding have complicated an already precarious situation.

    Since January, Charlotte has seen long-standing nonprofits like MeckEd, Council for Children’s Rights, Community Link and others cease operations after suddenly losing state and federal dollars.

    It’s a hard moment for nonprofits, says Ivan Canada, the CEO of the North Carolina Center for Nonprofits.

    “One of the things I’ve been trying to get funders to get in this moment is people are scrambling to try to find dollars,” he said.

    While state and federal cuts have resulted in the shuttering of decades-old nonprofit organizations, experts say these closures are part of a larger evolution of philanthropy in Charlotte and beyond. Donors have become more intentional and selective in their giving. And in a city where the number of nonprofits grows as the population swells, competition for dollars intensifies.

    Experts agree that philanthropy alone can’t fill the funding gaps nonprofits are experiencing. Community needs are greatly outpacing the funds available. This calls for collaboration and innovation from funders and nonprofits alike.

    How has Charlotte’s giving landscape changed?

    Carol Hardison remembers the ‘70s and ‘80s — a time when only a handful of nonprofits had name recognition to the average Charlottean. But in her 25 years as the CEO of Crisis Assistance Ministry, she’s watched the city grow. And with its growth came more nonprofits hoping to address the increasing needs in the community.

    As of 2020, the Charlotte area was home to more than 2,500 nonprofits, according to the North Carolina Center for Nonprofits. These organizations are fundraising amid a shift in giving trends across the country.

    According to the 2025 Bank of America Study of Philanthropy, affluent households who’ve given to charity have decreased 10% since 2015. Affluent donors give more than the general population, said Dianne Chipps Bailey, Managing Director and National Philanthropic Strategy Executive for Philanthropic Solutions at Bank of America.

    Those who chose not to donate to charity cited financial family responsibilities or a lack of connection to an organization. Households that did decide to donate are giving more, Chipps Bailey said.

    This shift isn’t seen only among affluent households.

    Family foundations aren’t being created at the same pace as seen in past generations and people have been more selective on what they donate to — likely because paychecks haven’t kept up with inflation, Sarah Mann Willcox, executive director of N.C. Network of Grantmakers, said.

    And amid these shifts, nonprofits face additional hurdles once they begin to fundraise. Many nonprofits overlap in mission and priorities. When it comes to securing money from funders, the challenge is finding a way to distinguish themselves, Hardison said.

    “You need more people. You gotta have more on socials. You (have to) be more places,” she said.

    And funders are asking nonprofits to show more outcomes, transparency and engagement.

    “Donors want to know their gifts matter,” Beth Crigler, Vice Chancellor of Advancement for UNC Charlotte said in a statement to the Charlotte Observer.

    When they’re not working to set themselves apart, nonprofits are also contemplating or overcoming the temptation of “mission creep.” Every few years, a new trend emerges in the nonprofit sector as a way to fill needs, Hardison said.

    A few years after Charlotte ranked dead last for economic mobility in a Harvard study, Hardison saw new nonprofits emerge committed to improving outcomes. The same happened after the pandemic when some organizations promoted being navigators — a service or person who helps an individual get access to wraparound services.

    Addressing pressing needs is important, Hardison said, but in their field it’s important to collaborate, not duplicate efforts. But when big dollars are being funneled toward organizations following these new trends, the idea of taking on more responsibility becomes tempting.

    “It gives a challenge to agencies to say, well, ‘The funding is all going that way now, so do I? What do I do to get a piece of that pie?’” Hardison said.

    Federal cuts

    Crisis Assistance Ministry felt it this year when a $153,000 grant from the FEMA Emergency Food and Shelter program was paused. The organization had used the funds to help clients with rental assistance. But months later funding isn’t just on pause, Hardison said, it’s become a hole that prevents organizations from serving people.

    “Fundraising is a hard field, but the overnight disappearance of a chunk of change… I mean, it just causes major adjustments,” she said.

    In Charlotte, corporations or foundations have driven philanthropy, Chipps Bailey said. But nationally, individuals make up the majority of giving. She encourages nonprofits to check in with current donors to see if they are giving to their full capacity, inviting them to be volunteers or helping them understand the process.

    “I think in Charlotte because corporate and institutional foundation giving is so visible, I wonder whether individuals feel diminished in their own giving,” Chipps Bailey said. “They feel that somehow, because their gifts aren’t as large, maybe they’re not as needed, maybe they’re not important. And nothing could be further from the truth, individual families are the engine for charitable giving in the US and in Charlotte as well.”

    Ways to collaborate

    To help nonprofits in this period of uncertainty, some foundations are looking for ways to meet these organizations where they are.

    Among them is the Charlotte-based Foundation for the Carolinas. To help nonprofits faced with federal funding cuts and freezes, staffing challenges and more, the foundation has launched new initiatives, including workshop series and gathering resources into one place.

    People wait in line at Crisis Assistance Ministry in Charlotte, N.C., on Thursday, October 9, 2025.
    People wait in line at Crisis Assistance Ministry in Charlotte on Thursday, October 9. KHADEJEH NIKOUYEH Knikouyeh@charlotteobserver.com

    “What I’ve been reminded of through this is that the nonprofit model, especially the financing of it, is very fragile,” Foundation for the Carolinas President Laura Yates Clark said. “We decided that the best thing we could do is try to help them address some of those challenges and really help them develop skills that would create business agility and resilience.”

    The foundation’s Agility Together Initiative focuses on three programs:

    • Business Agility Series for nonprofit leaders, partnering with United Way, SHARE Charlotte and Lee Institute. The series covers topics like scenario planning, collaboration and board governance. The monthly series started in June and has seen 150 to 200 people attend each two- to three-hour session.
    • Collaborating with the corporate community, including retired leaders, to match volunteers with nonprofits.
    • Compiling a playbook of resources and tools for nonprofits from local, state and national organizations in one place. The information is available on the foundation’s website and is updated regularly.

    Additionally, the foundation has been hosting nonprofit office hours since August, and planning quarterly events focused on different topics from workforce development to affordable housing.

    The foundation also is partnering with United Way and UNC Charlotte’s Urban Institute on a local nonprofit survey of funding reduction impacts. The results are expected in late fall.

    “Everything we can do, whether it’s financially or being a volunteer or whatever it is, to support your favorite nonprofit today or the ones that you really care about, really matters,” Yates Clark said. “And it matters not just from the dollars or the time, but because you’re showing up and you’re standing with them.”

    While foundations are finding ways to lend a helping hand, this moment is also an opportunity for nonprofits to look at how they can work together, experts say.

    Hardison said her organization and Roof Above have worked together to bring coat drives to Crisis Assistance Ministry that are beneficial for both their programs.

    “This has not become a more competitive environment. This has become an environment more conducive to partnerships and mergers again,” she said. “… There’s no way philanthropy can make this gap up. They didn’t wake up the next day and have hundreds of millions of new dollars. It can only be through partnerships and collaborations that you come together and say, some of my service can help you. Some of your services can help me.”

    Briah Lumpkins

    The Charlotte Observer

    Briah Lumpkins is the emerging news reporter for the Charlotte Observer. In this role, she finds important and impactful enterprise stories impacting the Charlotte-metro region. Most previously, Briah spent time in Houston, Texas covering underrepresented suburban communities at the Houston Landing. Prior to that, she spent a year at the Charleston Post and Courier for an investigative reporting fellowship through FRONTLINE PBS. When she’s not at work you can find her binge reading on her kindle or at the movie theater watching the latest premieres.

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  • “We’re well off in retirement. How can we pay less tax?” – MoneySense

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    As a starting point, I like to look at the big picture to see where you are headed. This involves modelling all your current and future financial resources, including your cash flow and the activity in your holding company. This provides a clear picture of what you have today and gives you a general sense of your asset growth or decline over time, future annual and final taxes, and estate values. With that backdrop you can experiment to see which options are available to you and which ones you want to act on, in terms of spending, lifestyle, gifting, and leaving a bequest.   

    With that background, which I refer to as lifestyle planning, financial planning begins, and this is the nature of your question. From the tax side it is about understanding what tax credits and deductions are available to you, and how to take advantage of them in a way that aligns with your personal values, beliefs, and lifestyle.

    You will also need to understand how your individual investments are taxed in your non-registered and registered accounts and your holding company. You also need to be aware of the three different dividend options you have when drawing from your holdco, and the impact that investment tax and dividends have on tax credits and benefits. Old Age Security (OAS) is a good example of a benefit that begins to be clawed back once your income exceeds about $93,500.  

    Have a personal finance question? Submit it here.

    Some lesser-known tax-saving strategies for retirees

    I suspect through experience you are aware of the things I have discussed so far and some of the planning solutions you can use to reduce the tax owing such as pension splitting, donating shares to charity, and tax-free savings account (TFSA) contributions. Rather than rehash those strategies, I will briefly touch on a few others you may not be so familiar with, such as a donor-advised fund, immediate flow-through shares, insurance and investment selection.

    You are already donating to charity, but have you ever thought of setting up a donor-advised fund (DAF)? You can add as much money as you like to the fund, in your case maybe $200,000 of your non-registered money. Once it is there, you can manage the money your way and the investment will grow tax-free, so you are not paying tax on the distributions. When you make the deposit, you can claim the charitable tax credit all at once or defer it over five years. It is also at your discretion when you give money to the charities of your choice from the DAF. One catch is you can’t change your mind and take the money back once it is in the DAF.  

    Have you heard of flow-through shares with an immediate liquidity provider? You buy the shares and then immediately sell them to a waiting buyer for less than what you paid. It is the tax credit that makes this work. Ottawa-based planning firm WCPD provides the following simple explanation of how this can work both personally, making a charitable contribution, or a combination for a person with a marginal tax rate of 50%.

    You pay $1.50 for a flow-through share and immediately sell it for $1. The flow-through tax credit and deduction will save you $0.75 in tax which, when combined with the $1 you sold the share for, puts you up $0.25. If you want to make a charitable contribution, you could donate the $1 you sold the share for and get a tax savings of $0.50. With the combined tax savings of $1.25 ($0.75 + $0.50), your charitable contribution will only cost you $0.25, rather than $0.50 if you didn’t purchase a flow-through share. WCPD also provides a strategy where you go two parts personal and one part charity, resulting in a zero-cost way to donate to charity.

    As mentioned, this is a very simplified example, and you will want to talk to a professional before doing this on your own.

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    Insurance and investing strategies for retirees

    A second-to-die permanent life insurance policy held in your holding company is another tax-saving strategy. Money invested within the policy grows virtually tax-free, and when it pays out, a capital dividend account (CDA) is created equal to or almost equal to the full value of the death benefit. You are then able to pay a tax-free dividend equal to the CDA out of the holdco. While you own the policy, there may be other ways to use the policy, such as borrowing for tax-free income or investing. Have you had a discussion with your accountant about the wind-up of your holdco on your deaths, i.e, the tax, time, and fees? Insurance may ease some of those issues.   

    Finally, and probably more familiar, have you thought about how your investment approach is affecting your annual tax? I have the impression you are a successful DIY dividend investor. You are receiving taxable dividends each quarter and possibly buying and selling stocks, subjecting you to capital gains and higher corporate accounting fees. For your non-registered and corporate accounts, consider a long-term, buy-and-hold portfolio made up of simple low-cost index ETFs that will be more tax-efficient. 

    Mike, there is probably a lot you can do to make things more tax-efficient. It is something you should look at on an annual basis as your spending and income will likely change from year to year. 

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    About Allan Norman, MSc, CFP, CIM


    About Allan Norman, MSc, CFP, CIM

    With over 30 years as a financial planner, Allan is an associate portfolio manager at Aligned Capital Partners Inc., where he helps Canadians maintain their lifestyles, without fear of running out of money.

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  • Jim Ellis Automotive Donates $65,000 to Help Fight Pediatric Cancer

    Jim Ellis Automotive Donates $65,000 to Help Fight Pediatric Cancer

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    Jim Ellis Automotive Group’s annual holiday giving campaign raised $65,000 to assist the Family Support Team at the Aflac Cancer and Blood Disorders Center of Children’s Healthcare of Atlanta.

    Press Release


    Feb 3, 2023

     With the support of customers, Jim Ellis Automotive Group closed out the sixth annual Holiday Giving Campaign with a $65,000 donation to the Aflac Cancer and Blood Disorders Center at Children’s Healthcare of Atlanta. A portion of the profit for each new or used vehicle sold at all of the 20 Jim Ellis Automotive dealerships between Dec. 1 and Dec. 31, 2022, contributed to the donation.

    Jim Ellis Automotive Group selects a different Atlanta-area charity to support through their annual holiday giving campaign. Over the last five years, Jim Ellis Automotive has donated over $250,000 to groups serving women and children in need across the Atlanta area from the holiday giving campaigns alone. 

    Established in 1995, the Aflac Cancer and Blood Disorders Center of Children’s Healthcare of Atlanta cares for more than 2,400 children with cancer and more than 5,800 children with blood disorders annually. The Holiday Giving Campaign donation will be directed to the Family Support Team, a team of 35 individuals who help provide for the emotional and spiritual needs of the patients in the form of child life, psychology, chaplaincy and social work positions.

    “We are proud to partner with the Aflac Cancer and Blood Disorders Center at Children’s Healthcare of Atlanta,” said Jim Ellis Automotive Group Vice President Stacey Ellis Hodges. “We hope our donation can give a child the gift of growing up.”

    “We are incredibly grateful to the Jim Ellis family for their long-standing commitment to the thousands of children cared for at Children’s and the Aflac Cancer and Blood Disorders Center,” said Aflac Cancer and Blood Disorders Center Development Director Sara Orton. “Their support is invaluable as we continue to provide the best care for the kids of Georgia and beyond.”

    About Jim Ellis Automotive Group

    Jim Ellis Automotive Group has been serving the Atlanta area since 1971, starting with Volkswagen as the flagship brand. The group has expanded to 17 brands and 20 dealerships, covering Atlanta, Buford, Kennesaw, McDonough, Marietta, Sandy Springs and South Fulton. Brands include Alfa Romeo, Audi, Buick, Cadillac, Chevrolet, Ford, GMC, Genesis, Hyundai, Kia, Maserati, Mazda, Mercedes, Porsche, Toyota, Volkswagen and Volvo. Visit in stores or shop from the comfort of your home at jimellis.com.

    For more information, please visit https://www.jimellis.com/ 
    Facebook: https://www.facebook.com/JimEllisAuto/ 
    Instagram: @jimellisauto 
    YouTube: https://www.youtube.com/c/Jimellisautomotive/videos?app=desktop

    Source: Jim Ellis Automotive Group

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  • This startup raised $3.7M to let anyone donate stocks and ETFs with a free personal charitable foundation

    This startup raised $3.7M to let anyone donate stocks and ETFs with a free personal charitable foundation

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    Y Combinator-backed Charityvest is expanding access to a special category of charitable giving accounts known as donor-advised funds, offering free accounts for individuals and powering easy to use workplace giving charitable match programs for employers. On Giving Tuesday, the company will launch zero-fee stock contributions, allowing anyone to donate stocks and ETFs to their personal charitable foundation, from any brokerage, for free. The venture recently raised $2.3M of Seed investment, bringing its total capital raised in 2020 to $3.7M.

    Press Release



    updated: Nov 19, 2020

    ​​​​​​Vennfi, the financial technology company for tax-exempt payments, announced its close of a $2.3M Series Seed fundraise. The round was led by seasoned fintech investor Tom Blaisdell, formerly of DCM Ventures. Teamworthy Ventures, Duro.vc, Sovereign’s Capital, and Promus Ventures participated in the round, alongside several return backers and new mission-aligned funds and individual investors. In total, the venture will have raised $3.7M over the last 9 months.

    The company’s flagship platform, Charityvest, lets anyone instantly create a tax-deductible charitable giving account, known as a Donor-Advised Fund (DAF), which acts like a personal charitable foundation. Users can make tax deductible contributions of cash, stock, or cryptocurrency to their fund, direct donations at any time to over 1.4M nonprofits in the US from their fund balance, send gifts of charitable money to friends and family, and keep track of all of their giving activity with a single consolidated tax receipt.

    Additionally, the platform helps companies automatically match their employees’ charitable giving with smart budgets and compliance tools. The corporate matching offering, called Charityvest for Workplaces, has been adopted by dozens of organizations and thousands of employees since it was publicly announced at Y Combinator’s Summer 2020 demo day in August. Employers can launch a charitable matching program in minutes and employees appreciate the easy to use, flexible interface.

    On Giving Tuesday (December 1, 2020), Charityvest will launch zero-fee stock contributions, allowing users to make donations of appreciated publicly-traded stocks and ETFs, directly to their fund, from any brokerage. Donating appreciated stock has substantial tax advantages – mostly through the avoidance of capital gains taxes, and the consequential larger charitable income tax deduction – that result in more funds being available for giving to charities.

    ​“Charityvest’s zero-fee stock giving feature is the first of its kind, enabling both individual donors and employees of companies that use Charityvest to make a tax-deductible gift of securities to their fund, and use the cash proceeds to support one or more charities with just a few clicks,” said the company’s CEO Stephen Kump. “With financial markets at all-time highs, we see stock giving as a highly efficient way to intentionally set aside financial resources for generosity.”

    Charityvest uses donor-advised funds (DAFs), which have traditionally been marketed to wealthy donors. The platform has dramatically reduced the complexity and cost of DAFs, and offers its funds with zero fees and low contribution and grant minimums – only $20 to get started. Since Charityvest’s launch, two major incumbent DAFs – Fidelity Charitable and Schwab Charitable – have also lowered their minimums.

    “Being generous makes people happier, and Charityvest makes being generous easier,” said lead investor Tom Blaisdell. “This is yet another example of taking a financial vehicle – donor-advised funds, in this case – widely used by wealthy families and individuals to simplify and amplify their charitable giving, and applying technology to make it simple and inexpensive enough for everyone to take advantage of it. I’m excited to be involved in helping Charityvest make the world more generous.”

    Contact:
    ​Ashby Foltz
    media@charityvest.org

    Source: Vennfi

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  • Mobile Fundraising Technology Company Gesture Helps  Nonprofits Raise $500 Million

    Mobile Fundraising Technology Company Gesture Helps Nonprofits Raise $500 Million

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    Press Release



    updated: Oct 25, 2017

    Gesture, a Chicagoland mobile fundraising technology company, celebrates helping their nonprofit clients raise over $500 million through the use of mobile technology. The impact for nonprofit organizations who implement mobile fundraising techniques has been a game changer, allowing them to increase revenue while keeping up with growing fundraising challenges.

    Since 2011, Gesture has worked with over 3,000 charitable organizations nationwide. Gesture’s unique technology provides clients with an innovative fundraising platform coupled with expert advance planning, an on-site event team and real-time event analytics that help clients maximize their fundraising efforts.

    We are steadfast in our focus to help clients raise more money and are working to reach the next goal of helping to raise $1 billion dollars for nonprofits by continuing to be a leader in mobile fundraising technology

    Jim Alvarez, Founder and CEO of Gesture

    “Every day at Gesture our goal is the same: to Make Hope Happen for nonprofit organizations. Each Gesture team member makes daily contributions that have helped us reach this milestone of helping our clients raise $500 million,” shares Jim Alvarez, Founder and CEO of Gesture. “We are steadfast in our focus to help clients raise more money and are working to reach the next goal of helping to raise $1 billion dollars for nonprofits by continuing to be a leader in mobile fundraising technology,” adds Alvarez.

    Gesture was recently named to the Inc. 5000 list of America’s Fastest-Growing Privately Owned Companies in 2017 illustrating the company’s strong and continued growth since its inception.

    “Incorporating mobile fundraising technology to our event made a huge difference in the amount of money we were able to raise,” says Michelle Domino, Vice President of Cancer Kiss My Cooley, an organization dedicated to creating special moments and lasting memories for families living with pediatric brain tumors. “Advance support, event set up and onsite staff were welcome additions to our fundraising team, plus our guests loved it and found it to be an easy way to show their support during our event,” adds Domino.

    About Gesture
    Gesture is a full-service mobile fundraising technology company working with nonprofit organizations of all sizes nationwide. Gesture’s innovative fundraising platform is packed with tools that allow charity partners to fully manage fundraising campaigns from conception to onsite event and post-event reports. Gesture serves nonprofit organizations of all sizes and causes.

    For more information contact:

    Brandon Stec
    Gesture Marketing Director
    312-448-7620
    brandon.stec@gesture.com

    Source: Gesture

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