How Our Law Firm Gives Back (and How You Can Too!)
Last week, our office got to participate in the International Rescue Committee’s Winter Welcome program. We were honored to adopt a single mother and her young son who were recently resettled in Sacramento from Iraq as refugees. Hopefully, they felt welcomed by our gifts and a little more comfortable in their new home as our neighbors.
This is just one example of how our firm gives back. At the Law Offices of Daniel Hunt, we believe that philanthropy is a joyful experience that everyone should have. We’ve adopted seniors and homeless families for the holidays. We’ve participated in many charity runs to support the Alzheimer’s Association. We participate in Amazon Smile when we order office supplies benefitting the Eskaton Foundation.
From Big Day of Giving in May to Giving Thursday in November, we try to support local charities year-round. However, the holiday season is the most popular time of the year for charitable contributions.
December is a big month for giving in America. In 2016, a Network for Good study indicated that 30% of all charitable donations for the year were made in the month of December. And the last 3 days of December accounted for 11% of all charitable donations for the entire year!
At the Law Offices of Daniel Hunt, we believe that philanthropy is a joyful experience that everyone should have. If charitable giving is on your radar this holiday season, we’ve got some ideas on ways to give back.
How to Give Back
There are many ways to give back, but here are a few ideas:
Volunteering is at an all-time high in America. According to the 2018 Volunteering in America study, approximately 77 million Americans—30% of the adult population—volunteer through an organization, using their time, talents, and energy to making a difference.
Millions more are supporting friends and family (43%) and doing favors for their neighbors (51%), suggesting even more people engage in “informal volunteering”. Volunteering for a cause you’re passionate about is a great way to give back that costs nothing, only your time.
Giving USA found that in 2018, the largest source of charitable giving came from individuals at 68% of total giving; followed by foundations (18%), bequests (9%), and corporations (5%). Individual contributions make a big collective difference!
One way we encourage clients to give back is by amending trusts (or wills) with the sole change of adding a charity to the distribution scheme at no cost. (The cost of amending supporting documents will remain unchanged.) Other charitable bequests also receive a discount on services.
In addition, with each Estate Plan created by our office, 5% of Estate Planning fees are donated in our client’s name directly to the charity of their choice.
You may also want to consider creating an irrevocable charitable trust if your goal is to achieve tax benefits while supporting a public charity or private foundation.
When December ends, a new year will begin. How will you give back in 2020?
Daniel Hunt is lead attorney and owner at Law Offices of Daniel Hunt. He is also a California State Bar Certified Legal Specialist in Estate Planning, Trusts & Probate Law.