Charitable Giving Strategies for Not-as-Wealthy Donors

High-net-worth charitable giving could decline for years because of high inflation, so charities look to highlight tax-savvy options for average investors.

A woman's hands cradle a heart knickknack.
(Image credit: Getty Images)

Dave Smith, CEO and founder of Heaton Smith Group, writes in Giving USA 2022 that charitable giving declined in 2022 when adjusted for inflation. He intimated that the current 40-year-high inflation rates may adversely affect charitable gifting for years. The last comparable inflationary period was in the 1970s, when charitable giving fell almost 9%, in inflation-adjusted terms, over a four-year period.

Subscribe to Kiplinger’s Personal Finance

Be a smarter, better informed investor.

Save up to 74%

Sign up for Kiplinger’s Free E-Newsletters

Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.

Profit and prosper with the best of expert advice - straight to your e-mail.

Sign up

This article was written by and presents the views of our contributing adviser, not the Kiplinger editorial staff. You can check adviser records with the SEC or with FINRA.

To continue reading this article
please register for free

This is different from signing in to your print subscription

Why am I seeing this? Find out more here

Timothy Barrett, Trust Counsel
Senior Vice President, Argent Trust Company

Timothy Barrett is a Senior Vice President and Trust Counsel with Argent Trust Company. Timothy is a graduate of the Louis D. Brandeis School of Law, past Officer of the Metro Louisville Estate Planning Council and the Estate Planning Council of Southern Indiana, Member of the Louisville, Kentucky, and Indiana Bar Associations, and the University of Kentucky Estate Planning Institute Committee.