Spread the joy with charitable gifts

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I have a relative who doesn’t need or want anything material and who is very socially aware.  This Christmas I am gifting her a well in a third world country.  And, to make sure there is something to open at Christmas, I plan on packaging the donation in a drinking bottle.  Assuming the gift is made through a deductible gift recipient (DGR), then the donation of the well will be tax deductible – either for me or her – as it is the money equivalent of a well for projects of this type, not an actual well.

If I had made a donation and received something for that donation like a toy or raffle ticket, then it would not be tax deductible.

*The above article has been republished with permission from “The Knowledge Shop”.

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