Welcome to the weekend, and welcome to the Saturday 7.
There is a common myth that travels around the world of philanthropy and among generous people, in general. It’s easy to understand why people believe it, why even some organizations that evaluate and rank charities use it as a measuring stick. But it’s not always true. In fact, it may almost never be true. It’s the simple (but mostly false) idea that it’s better to give to charities that spend the least on overhead. This week, we’ll explore the myth, what it does to charities, and what you can do about it.
Podcast: What is a charitable gift annuity? NCF's George Duffin on MoneyWise
A charitable gift annuity (or CGA for short) may seem complex, but for the person wanting one, they’re actually pretty simple. It’s a gift to charity and payments to yourself (or someone you choose) that start now or at a later date. Listen as George Duffin, NCF’s resident CGA specialist, explains how it works and if it might be right for you.
In 2009, when Monica Osbourne founded her CPA firm, she had no idea she would be able to give part of her business to support charities. But after attending a Journey of Generosity and hearing the stories of other business owners who had given businesses away, she was curious. Find out how Monica and her husband, Tom, feel freed up to give more extravagantly than they ever expected.
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Saturday 7 is brought to you by our team at the National Christian Foundation (NCF). We would love to help you create your Giving Strategy™ so you can experience more joy and adventure as you pursue a life of generosity. Find an NCF location near you at ncfgiving.com/locations.
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