The latest 5 Questions with Fidelity covers tax-smart charitable giving strategies, including new opportunities created thanks to recent tax legislation. 00:00 Welcome to 5 Questions with Fidelity 00:21 How does new tax legislation affect charitable giving strategies? 02:39 How should the new tax laws affect my charitable giving this year? 03:48 What are the benefits to donating stocks or cryptocurrency? 04:41 How can you maximize the tax benefits of your charitable giving? 05:44 How can charitable giving h ...

The year's most important giving season has arrived amid economic uncertainty, but corporate philanthropy is holding strong. Joining us right now is Lisa Anastasia. How do I pronounce your last name? I apologize. I feel like I'm mispronouncing it or just Anastasia. Don't worry about it. >> Okay. She is the chief development and external relations officer at Boys and Girls Club of America. Good morning to you. Help us understand what's going on in the world of philanthropy right now, especially well, there's ...

Core Points - Dave Inc. has made a donation of $250,000 to Baby2Baby, a nonprofit organization that provides essential items to children living in poverty, bringing its lifetime contributions to nearly $22 million [1][4] - The donation supported Baby2Baby's annual Gala, which raised a record $18.5 million, aimed at helping one million children across the U.S. during times of crisis and economic uncertainty [2][3] - Baby2Baby has distributed over 500 million essential items to children in need across all 50 states over the past 14 years, responding to over 100 disasters and emergencies [3][7] Company Overview - Dave Inc. is a leading neobank and fintech company serving millions of everyday Americans, utilizing disruptive technologies to offer banking services at lower costs compared to traditional banks [6] - The company emphasizes its commitment to improving the economic well-being of Americans, helping families not only meet basic needs but also work towards long-term financial health [4][6] Nonprofit Overview - Baby2Baby is a nonprofit organization that provides children in need with diapers, formula, clothing, and other basic necessities, serving over one million children across the U.S. [7] - The organization has been recognized for its innovative approach and impact, earning accolades such as being named the 1 nonprofit on Fast Company's World's Most Innovative Companies List [7]

Group 1 - The article discusses the increasing importance of charitable donations during the year-end season, highlighting that many organizations rely on these contributions to achieve financial stability [1] - The 2017 Tax Cuts and Jobs Act (TCJA) has led to a decline in donor participation by nearly doubling the standard deduction and limiting itemized deductions, which has reduced the number of taxpayers who itemize their deductions [2][3] - The Dells' recent pledge of $6.25 billion for "Trump Accounts" represents one of the largest philanthropic commitments in U.S. history, aimed at supporting children's accounts created by the One Big Beautiful Bill Act (OBBBA) [5][6] Group 2 - The Trump accounts, established under OBBBA, allow contributions of up to $5,000 per year, with additional contributions possible from employers, which do not count towards the annual limit [8][7] - The Employee Retention Credit (ERC) program, designed to assist businesses during the pandemic, has faced significant delays and complexities, with the National Taxpayer Advocate urging the IRS to resolve outstanding claims by the end of 2025 [23][27][28] - The IRS has been criticized for its handling of ERC claims, with many businesses still awaiting refunds, highlighting the need for timely processing and clarity in eligibility [24][26][27]

Retail & Consumer Trends - The Thanksgiving weekend saw a record of nearly 203 million shoppers, up from 197 million last year, indicating strong consumer demand driven by promotional deals [3][4] - 54% of shoppers took advantage of early holiday sales, potentially impacting December sales due to front-loading [8] - Consumers have completed about 40% of their holiday shopping, leaving 53% of shopping for the holiday season [12] - Top purchased items include clothes, toys, and books, while gift cards are the most desired items [14] - American Eagle reported better-than-expected revenue with double-digit comparable sales increase and positive growth, raising its fourth-quarter operating income outlook [55][56] Economic Outlook & Market Analysis - The consumer is seen as sentimentally weak but fundamentally sound, with wages exceeding inflation for 30 straight months and low unemployment [16] - The US Dollar Index is being closely watched around its 50-day moving average, with potential implications for commodities, crypto, and stocks [24][27] - Bitcoin experienced a significant dip followed by a rebound, finding support around $85,000, but further washout is anticipated before a clear bullish trend [32] Charitable Giving & Tax Planning - New tax rules in 2026 will limit deductions for charitable giving to amounts exceeding 05%-1% of adjusted gross income [39] - Donor-advised funds are highlighted as a strategy to frontload giving and maximize tax deductions, especially beneficial for smaller donations [42][49] - Americans are generous, giving more than twice as much as a percentage of GDP compared to other countries [48] Technology & Software - Intel is up almost 85%, NXP up 8%, Texas Instruments up 4%, indicating the AI chip sector is still active [21][22] - GitLab's fourth-quarter sales forecast is weighing on the stock, despite adjusted earnings per share coming in at 25 cents versus estimates of 20 cents, and revenue beating analyst estimates coming in at $2444 million versus $2395 million estimated [57]

How To Maximize The Tax Benefits Of Your Charitable Giving In 2025 https://t.co/vn5YOIiMyU ...

Core Points - The Dells pledged $6.25 billion to incentivize 25 million American children under 10 to claim new investment accounts created by recent legislation [1][2] - This commitment is believed to be the largest single private donation made to U.S. children, with few charitable commitments exceeding $1 billion in the past 25 years [2] - The investment accounts, referred to as "Trump Accounts," will be managed by private companies and are set to launch on July 4, 2026 [3][5] Investment Account Details - Each qualified child will receive a $250 deposit from the Dells, with the Treasury also contributing $1,000 for children born between January 1, 2025, and December 31, 2028 [5] - Funds in these accounts must be invested in an index fund tracking the overall stock market, and families are encouraged to contribute additional funds [5] - Upon turning 18, children can withdraw the funds for education, home purchases, or starting a business [5] Philanthropic Goals - The Dells aim to inspire families to claim and contribute to these accounts, fostering a culture of saving and investment [6] - There is hope that other companies and philanthropists will also contribute to these accounts, enhancing the overall impact [6] - The initiative is seen as a unique platform to effectively distribute funds to needy children while ensuring that the money can grow with the economy [7]

This is a story about giving back and in particular the single place in America that does it better than anyone else. Earlier this year, we brought you the story of the wealthiest spot in the country. The residents of Teton County, Wyoming have an average annual income of around a half a million dollars.They also donate more per person than anyone else. But then it's easy to give more when you have more. So who gives the most as a proportion of how much they make.That's another story. altogether. >> It's a ...

Group 1 - Investors should be cautious of complacency as they age, particularly around age 50, as their capacity to absorb risk diminishes despite feeling more risk-tolerant [1] - The last significant economic downturn occurred 17 years ago, suggesting the need for investors to mentally prepare and reposition their portfolios towards safer assets [2] - Recency bias can lead investors to mistakenly believe that current market trends will continue, which can result in crowding into hot sectors like AI and Big Tech without considering potential downturns [3] Group 2 - Investors are advised to adopt a "set-it-and-forget-it" mentality, as frequent portfolio adjustments can lead to diminished returns, likened to a bar of soap that gets smaller the more it is handled [4] - A once-annual review of the portfolio is recommended, focusing on performance, rebalancing, and tax-planning strategies, to avoid excessive tinkering that could harm long-term investment outcomes [5]

Core Insights - Warren Buffett is planning to donate approximately $1.4 billion to four family foundations shortly before his retirement, with intentions to eventually distribute the remainder of his $150 billion fortune [1] Group 1 - The donation of $1.4 billion will be allocated to four family foundations [1] - Buffett's total fortune is estimated at $150 billion, indicating a significant philanthropic commitment [1] - The timing of the donations is noted to be just weeks before his retirement, suggesting a strategic approach to wealth distribution [1]