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Philanthropic Risk Management: Ensuring Effective and Compliant Giving

Carson Wealth

Establish a budget and schedule for giving. A recent survey of donors and nonprofits found that one in five projects are negatively affected by risk. [1] This could come from making a grant or pursuing policies that bring negative attention to the nonprofit organization and/or its donors. How much are you comfortable giving?

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How Does a Charitable Remainder Trust Work?

Carson Wealth

Let’s jump into how a charitable remainder trust works: Establish an irrevocable CRT and name a nonprofit as the ultimate beneficiary. Those payments are designed to never fluctuate, which makes budgeting and prioritizing financial certainty easier. Charity reliance: If the chosen nonprofit closes, redirecting funds can be difficult.

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Transcript: John Montgomery, Bridgeway Capital Management

The Big Picture

We want to donate half of our profits to nonprofit organizations. That was like, I should have paid more attention to that question because my budget, my business plan was 50% of our net worth before it was all said and done. That’s when you launched where you launched. Tell us where that idea came from. Question one.

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Biden Imposes Strict Climate Change Mandates on the Pentagon

Mish Talk

The proposed rule would also apply to non-defense contractors, including pharmaceutical, shipping and tech companies, though it curiously exempts universities, nonprofit research institutions and state and local governments. It will add to inflation and bigger budgets. No, that isn't the Onion, I am quoting. Well, that's OK.

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Weekend Reading For Financial Planners (Jan 28-29)

Nerd's Eye View

Enjoy the current installment of “Weekend Reading For Financial Planners” - this week’s edition kicks off with the news that CFP Board announced this week that it is splitting into two separate organizations with the same leadership but different nonprofit statuses.

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What Is The 70-20-10 Budget?

Clever Girl Finance

If you don’t feel like you truly have a strong handle on your finances, one possible cause for that is using a budgeting method that doesn’t work. While not everyone needs a to-the-penny balanced budget, some type of budgeting strategy or template is really important if you want to know where your money is going month after month.

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What Is Budget Counseling And How Does It Work?

Clever Girl Finance

If you’re really struggling financially and aren’t sure which problem to tackle or how, budget counseling can help. Table of contents What is budget counseling? Does budget counseling affect your credit score? Articles related to counseling and budgeting Consider budget counseling to get your finances in order!