The end of the year is traditionally a time of giving to relatives, friends and charity. To help you with the charitable part, Forbes presents a special package of advice on how to make the most of your donor dollars.
The centerpiece is our 20th annual list of the 100 largest U.S. charities, compiled once again by William P. Barrett. This elite group together received $49 billion in gifts, a whopping 12% of the $410 billion taken in by the country’s 1 million-plus nonprofits. We evaluate each on several financial-efficiency metrics. In a separate story, Barrett describes Forbes’ methodology and how it can be used to evaluate any charity, large or small, as well as how to check out those organizations that make cold-calls to your home asking for money. Rather give to the little guy than the charitable powerhouses? In this package, Kelly Erb begins her annual series—The 12 Days of Charitable Giving—highlighting small, reader-nominated organizations doing good work. First up: a Los Angeles not-for-profit that helps low-income women deal with tax problems and the IRS.
In addition to picking worthy charities, you can maximize your charitable impact by making Uncle Sam your partner; after all, if you get a tax break for giving, you can afford to give more. The new tax law makes it tougher to benefit from the itemized deduction for charitable giving, but in a separate story Erb offers 14 tips on how even ordinary taxpayers can still qualify. Meanwhile, Ashlea Ebeling and Martin Shenkman describe smart strategies for wealthy donors who want to make large gifts—now and in their estate plans.