Robert Dunn, CFP®
Charitable Giving During the COVID-19 Pandemic
Updated: May 26, 2022
Empathy and basic needs are imperative for humanity to succeed. The global pandemic has cast a cloud over many people. The pain and suffering over uncertainty whether the basic needs will be met and doubts about one’s safety can leave many distraught. To reduce the issue and hopefully provide some ability for a few more to have shelter, food, and their health. Bob Dunn and Ryan Vogel on behalf of Novi Wealth Partners are making some donations to hopefully make it a little easier on a few. We should not have to experience this hardship if it is avoidable.
Ryan and Bob have donated $2,500 to The Trenton Soup Kitchen and $2,500 to The Rescue Mission of Trenton. Both charities help a group of people that are struggling and face the uncertainties that many of us take for granted.
We would also like to inform you of another effort to help our local community. Please see the details below:
Pay it Forward with a Front Porch Portrait!
There’s never been a better time to show some LOVE. Heather M. Shier Photography and Back Packs for Life partnered together to support the community.
When you book your front porch session, you'll be supporting your local community and receive a keepsake photo ornament as our gift to you. Your $100 session fee will be donated to “Backpacks for Life” to support our veterans...one backpack at a time. Consider the impact you can make with just one portrait.
Text or Call 609-577-4982 to book your session
We'll set up a convenient time to photograph you and your loved ones on your front porch.
You'll also have the opportunity to purchase your portrait for artwork in your home.
P.S.-Mother's Day is coming up - this is great gift idea.
Please consider finding a charity that is meaningful to you and donate. This is such a difficult time for so many. Any help that can be provided, will go a long way. Check out Guidestar.org if you need help.
Quick Tax Planning Note: There are two tax planning elements that may be of interest. Most people will now be using the standard deduction so donations to charities will not have the same impact as before. The newly signed Cares Act provides a deduction of $300 for a single or $600 for a couple. In addition, the ability still exists to use something called a Qualified Charitable Distribution. It basically allows an individual or couple make gifts directly to a charity from your IRA up to $100,000 and not have to pay Federal income tax on the distributions from the IRA. Something to consider since you are not required to make a required minimum distribution for 2020.