Giving Thanks: Three Illustrations of the Spirit of American Generosity

As we approach the season of Thanksgiving, followed quickly by the December holidays to which we look forward each year, our team at Entrust always takes a moment to reflect on the spirit of American generosity. We hope that you, our readers, will take heart from the three illustrations that we would like to share with you.

First: Limitless Spirit

Arts organizations are among the non-profits hardest hit by the safety protocols made necessary by the pandemic. Our hearts go out to all artists negatively affected. We, and perhaps you, have donated dollars to sustain favorite arts organizations. Our first illustration of the spirit of American generosity is the willingness of so many organizations to pivot and express their art forms virtually or on film–awaiting a return to live performances and experiences.

BalletX is an organization based in Philadelphia that has excelled in ‘pivoting’. BalletX kindly shared the work of choreographer Caili Quan for us to enjoy. Ms. Quan’s work, Love Letter (password for Love Letter link is: holidays2020), was reviewed by the New York Times after premiering in September. Readers familiar with the Philadelphia and South Jersey regions may recognize locations where the filming occurred.

Second: Giving Generously

Giving Tuesday is on Tuesday, December 1^st. This special day offers us a reminder to share our abundance with non-profits fulfilling missions we value. Certainly 2020, a year when many non-profits were unable to conduct typical fund-raising drives, is a year to consider giving generously to support those in need.

As always, there are a variety of strategies for giving and the approach which results in the largest tax deduction for you depends upon your personal situation. Click here for an outline of the basics with regard to optimizing your tax deduction when donating. You may discover that while your charity wins from larger gifts, you win from lower taxes. And remember to consult with your tax advisor before donating.

Third: Families Pivot to Virtual

We have heard story after story over the past months of families pivoting to virtual get-togethers so they can be together. What a fantastic example of pivoting to share love in a new way, a way that brings love ones together while protecting fully from pandemic concerns. Who could have guessed a year ago that octogenarians and nonagenarians would now be Skyping and zooming?! Please keep the inspirational stories coming in.

We applaud the many forms the spirit of American generosity takes and wish you a holiday season of goodwill and hope. Always remember to pick up the phone or email us to let us know if a conversation would be helpful. We can be reached at: 610-687-3515 or by email: contactus@entrustfinancial.com.