Giving Tuesday is November 28
After Black Friday and Cyber Monday, why not kick off your end-of-year giving by participating in Giving Tuesday? Giving Tuesday is a global day of giving back, powered by social media. You can give the gift of your time, money, or talent to help organizations and causes you care about.
So how do you decide which causes to support? Think about what issues you are most passionate about, then consider how you may be best able to offer your support. Would a cash donation be your best bet, or do you have extra hours in your schedule you can devote to helping out?
It’s important to vet any organization to which you would like to give money. You can get information through personal references as well as public reports about non-profits that are readily available online. Often, though, volunteering and getting a feel for the place and the people is a good way to see if it’s one you may want to continue to be involved with.
When giving to charity, be sure to get a receipt or acknowledgement that you can file away for tax season, as you may be eligible for a deduction.1 It’s also a good idea to build yearly giving into your budget, and plan for it accordingly. Start off by opening a Popular Direct CD or savings account.2
1. The information mentioned in this article is for informational purposes only, is intended to provide general guidance and does not constitute legal or tax advice. Each person’s situation is unique and may materially differ from the information provided herein. You should seek the advice of a financial professional, tax consultant and/or legal counsel to address your specific needs before any financial or other commitments regarding the issues related to your situation are made. Banco Popular North America does not make any representations or warranties as to the content contained herein and disclaims any and all liability resulting from any use of or reliance on such content.
2. Banco Popular North America is a Member FDIC institution and operates under the assumed name “Popular Community Bank” in the markets in which it operates. Accordingly, Banco Popular North America and Popular Community Bank are the same FDIC-insured institution. Your deposits are insured up to $250,000 per depositor. You may qualify for more than $250,000 in coverage if you hold deposits in different account ownership categories. For more information, please refer to: www.fdic.gov.