Host: Arif Halaby
Guest: David Baker
Hour #1- Non-Profit Board
Hour #2- Non-Profit Board Cont.
Total Financial Solutions Safer Money Hour With Arif Halaby – 6/24/14
Hour 1- On todays show Arif has on David Baker who speaks with us on some benefits of being on a non-profit board. Nonprofit organizations are everywhere. Almost any possible cause or charity you might imagine likely has a nonprofit organization associated with it to facilitate charitable giving and to help the nonprofit raise money for its cause. You might think “I worked hard for my money. Why should I just give it away to a no-profit organization?” Although on the surface this seems like a valid concern, there are a number of benefits of donating to a nonprofit organization. One benefit of donating to a non-profit organization, and the one which you will most likely find to be tangible and “real,” is the tax deduction associated with donating. If you donate for no other reason, at least you will see a slight reduction in your own income taxes–and possibly more money in your own pocket–because you were able to deduct the amount you donated to an Internal Revenue Service-approved charity.
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