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While many prepare for year-end festivities, many generous entrepreneurs are examining their estimated bottom-line profit for the past year. These men and women are making decisions on how to minimize taxes and how much to give to charity.
Doublethedonation.com claims that 10% of annual charitable giving comes in the last three days of the year. Many business leaders now use donor advised funds, allowing them to write one tax deductible check at year end.
Then, in January or later, they can distribute the proceeds to their preferred charities.
In 2 Corinthians 9:6, Paul wrote, “Remember this: Whoever sows sparingly will also reap sparingly, and whoever sows generously will also reap generously.”
As you make your year-end gifts, generously remember all that God has sowed into you this year.
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