Laser Focus World is an industry bedrock—first published in 1965 and still going strong. We publish original articles about cutting-edge advances in lasers, optics, photonics, sensors, and quantum technologies, as well as test and measurement, and the shift currently underway to usher in the photonic integrated circuits, optical interconnects, and copackaged electronics and photonics to deliver the speed and efficiency essential for data centers of the future.

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Editorial Advisory Board

  • Professor Andrea M. Armani, University of Southern California
  • Ruti Ben-Shlomi, Ph.D., LightSolver
  • James Butler, Ph.D., Hamamatsu
  • Natalie Fardian-Melamed, Ph.D., Columbia University
  • Justin Sigley, Ph.D., AmeriCOM
  • Professor Birgit Stiller, Max Planck Institute for the Science of Light, and Leibniz University of Hannover
  • Professor Stephen Sweeney, University of Glasgow
  • Mohan Wang, Ph.D., University of Oxford
  • Professor Xuchen Wang, Harbin Engineering University
  • Professor Stefan Witte, Delft University of Technology

Smart Ways to Invest in Charities You Care About

By: NewsUSA

(NewsUSA) - Giving Tuesday, a day dedicated to giving back, occurs on the Tuesday after Thanksgiving, but charitable giving is a year-round endeavor. With some smart financial planning, you can support the causes that mean the most to you.     

You don’t have to break your budget to make a difference, says Scott Ward, a CERTIFIED FINANCIAL PLANNERTM professional. A recent survey by Lending Tree showed that 56% of Americans gave to a charity of some kind in 2021, and nearly 92% of those who gave to charity included charitable deductions on their tax returns.     

Keep these ideas in mind to help support your favorite causes while staying within your budget.     

• Give time. If you are on a tight budget, volunteer your time to a local charity. “If your volunteer service requires you to drive your own car, keep tabs on your mileage; you may have an opportunity to deduct it on your tax return,” Ward says.     

• Consider securities. Stock shares that have appreciated for more than a year can be donated outright to charity with a variety of benefits. “Both you and the charity may be able to avoid capital-gains taxes because you didn’t sell the shares, and you can deduct the fair market value of the asset on your next tax return,” Ward adds.     

• Donate non-cash items. You can deduct donations of non-cash items, such as clothing and furniture, as long as the items are in good condition. Ask for a receipt to document the donation. The IRS guide, Publication 561, can help you determine the value of your donations.     

• Maximize giving opportunities. Some companies offer matching contributions to charitable organizations. Also, if you are age 72 and older, you must take a required minimum distribution (RMD) from your IRA, even if you are still working. If you were going to make a charitable donation anyway, consider a qualified charitable distribution (QCD). “The QCD option allows you to make a gift directly from your IRA to the eligible charity of up to $100,000 a year,” Ward says. This option allows you to increase your charitable donation, satisfy the RMD and reduce your taxable income, he says.     

• Set a schedule. If you want to take a tax deduction in one year (typically used for gifts in excess of the standard deduction limit) and donate to charity over time, consider a donor-advised fund. You can donate a variety of gifts to a donor-advised fund, including cash donations, investment securities and cryptocurrencies.     

Visit www.LetsMakeAPlan.org for more information about how giving can be part of your budget.

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