MY House Matsu
MY House Matsu
The MY House Podcast Ep. 42: David Balmer
The MY House Podcast Ep. 42: David Balmer
The MY House Podcast Ep. 42: David Balmer
Thursday 9th May 2024
Discover the impact of legacy giving with David Balmer as he shares financial strategies for supporting charities like MY House.
Explicit
25 minutes
Informative
Inspiring
Compassionate
Supportive
Encouraging
About this podcast
Author:
MY House Matsu
Overview:
Categories:
Recovery Reimagined
Family Recovery from Addiction
Sexual Stigmas & Myths
Policy & Advocacy
Body & Mind
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Episodes:
212 (View all)
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Get the buttons here!Legacy Giving: Making Your Contributions Count
Episode Overview
- Consider legacy giving as part of your estate planning.
- Qualified charitable distributions can fulfil IRA withdrawal requirements without tax penalties.
- Donor-advised funds offer flexibility in charitable contributions over time.
- Legacy donations have sustained MY House through challenging times.
- Balance giving between family needs and charitable causes.
You can actually avoid giving Caesar anything if that's what you want to do in this case.
In this engaging episode of The MY House Podcast, Michelle Overstreet sits down with David Balmer, a long-time board member of MY House, to explore the fascinating world of legacy giving and financial strategies for charitable organisations. David, who is also a retired F-22 fighter pilot and an avid outdoorsman, shares his insights on how legacy donations have played a crucial role in sustaining MY House's mission to support youth in need.
With a touch of humour, he explains the concept of qualified charitable distributions and how they can be used to fulfil required withdrawals from IRAs without incurring taxes. David highlights the importance of community legacy and offers advice on how to balance giving between family and charity. He shares stories of generous donors who have left significant legacies to MY House, allowing the organisation to continue providing essential services even during challenging times like the COVID-19 pandemic.
The conversation delves into the technicalities of donor-advised funds and charitable remainder trusts, shedding light on ways to maximise charitable contributions while minimising tax burdens. Michelle and David's discussion is both informative and heartfelt, emphasising the impact of thoughtful giving on community development and personal fulfilment. As they explore various financial strategies, they also touch on the emotional aspect of legacy giving, encouraging listeners to consider how their contributions can create lasting change.
If you're curious about how your financial decisions can support causes you care about, this episode offers valuable insights and practical advice. Tune in for an enlightening conversation that might just inspire you to rethink your approach to giving.