Reply to Tithing, Charity More than 10% of your AGI or combined incomes?

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Reply to "Tithing, Charity More than 10% of your AGI or combined incomes?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]DH and I donate 10% of our AGI to church each year* and make much smaller contributions to secular charities. Our retirement and college savings are excellent. We expect to retire before age 50. We have always been really frugal and have always given a good amount to church.

Christians are commanded to support the Church according to the Bible, but I don't believe you have to give 10% of your AGI. Give as you feel called. I think that "Where your treasure is, there will your heart be also" is both descriptive and prescriptive. You care more about the Church when you have money "invested" in it and it is true. Worldly bonus is that you have to get your finances in order to do this well, but the truth is it will drag down your savings.

*Since the TCJA we actually just donate 20% every other year.[/quote]

You sound like someone who could make good use of a donor-adviser fund.  Try Fidelity perhaps.   Then you can do one big one every 3-5 years and take the standard deduction the rest of the time (assuming your mortgage and taxes are at the standard or less)[/quote]

I am not the pp, but I am wondering more about donor advised fund. Please tell me more about your personal experience with this. [/quote]

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