Likely due to a combination of the closing tax year and the Holiday cheer, Network for Good reports that nearly 30% of all giving is done during December. The best way to help your favorite charity and mitigate your tax bill is to carefully prepare how you contribute. For example, what you donate can matter as much as when you donate. According to HCR Wealth Advisors, here are a few factors to consider before you decide whether to donate stock or cash.
Both cash and stock are deductible
The federal tax law has recently changed in a number of ways. While the restrictions are more cumbersome, taxpayers may still be able to deduct donations to charity. Filers may be able to deduct up to 30% of Adjusted Gross Income in the form of appreciated stock donations. The personal impacts of tax law changes are part of the reason that HCR Wealth uses expert teams to create personalized wealth management plans.
Because HCR Wealth does not have a stake in the sale of financial merchandise, portfolio restructures to reduce taxes are a valuable part of the investment plan. With a potential tax liability of over 20% on capital gains, for example, there are some circumstances where avoiding potential profits from the sale of stock is beneficial. Donating appreciated stock directly from a portfolio to a charity effectively removes any liability from that stock.
Investors who plan to sell stock in order to make a cash donation may benefit from directly donating the stock. An appreciated stock sale will result in a capital gains tax. Therefore, a direct donation of stock would equal a cash donation plus the amount paid in capital gains.
HCR Wealth Advisors uses a comprehensive strategy that incorporates investments, charitable contributions, and retirement goals. Be sure to properly understand the nuances of stock versus cash donations, or hire someone who does, before making your choices.
This article is provided for informational purposes only and should not be interpreted as investment advice.
Sergey Petrossov believes that social scheduling is the future of private jet chartering. The company now lets customers organize their flights on a per seat basis themselves. Many of the private jet charter seats are available during flights giving customers a chance to organize their own flights. Anyone can create a crowd sourced flight or buy a seat on flights created by another group. Gone are the required memberships of the early days and free flights. Many flights now run no matter how many seats are sold, and discount rates are still available to consumers. JetSmarter is are changing their model to a different one that does not require membership.
When it started in 2012, they advertised as the jet company that helped customers find a private jet charter anywhere in the world with their app. In 2015, they created shuttles flights in high traffic areas with free perks like helicopter transfer to and from the airport. The new model was created to help expand their market and keep the basic membership model alive. Petrossov has reinvented private jet travel and reduced the costs with his company JetSmarter. His app reinvented the old-fashioned booking system and made the process streamlined.
The company is often called the country club in the air. The success of the company is because they have team members from NASA, Microsoft, Mercedes-Benz, BMW, and Uber. Sergey Petrossov has flown all around the world. He came up with the idea for the company when he tried to book a private flight one day. His days have been filled with talking to investors and meeting with clients. He is constantly trying to meet customer needs and improve his product. They use marketing and advertising channels to connect with the consumers. He knows that trial and error are what make a company successful.
Sergey Petrossov continues to focus on making private jet travel more convenient and accessible to customers and enhance their lifestyle. Private jet travel has been inefficient, and he continues to work on improving costs and use of the private jets for business and leisure travelers.
Financial expert and international businessman Raffaele Riva has been highly regarded for his knowledge of customer satisfaction and successful business practices. He has been immensely successful in the financial sector and focuses primarily on areas regarding financial knowledge such as wealth planning, asset management and more. Raffaele Riva started as an entrepreneur and he introduced the world to several startups between 1997 and 2008. Eventually, he found himself in several positions that required him to manage and supervise the daily operations of multiple million-dollar companies. He became well-known for his success rate in his field and began conducting business all over the world. Raffaele Riva has worked in several countries for several multinational businesses in highly authoritative roles.
It’s no wonder why people are now turning to him for advice on how he has made all of these achievements possible. Many entrepreneurs look up to Raffaele Riva because of his consecutive success in the financial field and his vast knowledge in the field. He credits all of his success to his curiosity and his inability to quench it. Raffaele Riva says that he has never lost the lust for knowledge and he continues to seek it every day. He does so by being an avid reader and keeping up with all of the financial news he can. He feels that keeping up to date helps to guide entrepreneurs and fuel their business ideas.
Raffaele Riva has also expressed to young entrepreneurs that he didn’t always know what to do and that everyone experiences some sort of obstacle on the journey to achieve their dreams. But he truly believes in the power of one’s mind and the ability to strive for what you want. He just encourages everyone to take one step toward their goals and everything else will fall into place.
President Barack Obama, back in 2009, had invited Professor Henry Louis Gates Jr., and the policeman who had arrested him in order to form some reconciliation over an incident that happened at his house. This incident was that he arrived at his own home and was arrested as a potential burglar.
It seems like great men are always having some sort of struggles that lead to controversy.
The Governor and Trustees Controversy
The controversy regarding the University of Illinois was about favoritism. Commissioners were sure to not allow it to be a witch hunt. One of the trustees that were part of the great land grant university is Niranjan Shah. As the new Chair, he took a lot of heat. But here is what is known.
Niranjan Shah has never charged for work not done. He has integrity. He has had tens of millions in government contracts for his engineering job, but has never performed a bad job. It is known publically that he has been a very generous contributor. He is open about this. But, there is no correlation between his contributions and the size of his contracts.
He has also never been known to pressure people for a contract. His only wish is to not discriminate. He has never paid to play.
The Downside of Greatness
The downside is even a great man can make mistakes. Although there were only a handful of mistake in a handful of cases, Being the chairman of the trustees has been one of his proudest achievements. One of these mistakes one case for his future son in law. His son in law was first in his class at Oxford (United Kingdom).
His personal health required that he resigned, but he should be respected for his many contributions to promoting excellence. It is no easy task to deal with the University of Illinois and it is not a sign of weakness that he resigned. He has been revered and appreciated for his efforts.
Read more about Niranjan Shah here https://everybodywiki.com/Niranjan_Shah
Privinvest has come to be known worldwide as a leader in the realm of international shipbuilding. Founded by Iskandar Safa along with his brother Akram Safa, Privinvest has over 2500 employees around the world, operating throughout Europe and the Middle-East. In leading such a massive organization, Iskandar has preferred to stay far from the limelight–leading through action and not an out-sized public persona. That does not mean, however, that his story is not an interesting one.
Iskandar was raised in Beirut and was a champion discus thrower throughout all Arabian countries. He went to school for civil engineering–a path well-established by many on his mother’s side of the family. After Lebanon won its independence from France, Iskandar’s father served as director of the cabinet for Lebanon’s president. His father’s example provided Iskandar with a drive to succeed and well as a guide in how to be a leader.
After completing his civil engineering studies, Iskandar went to Riyadh and built a military academy for the Saudi King. This major undertaking also being his first project was a sign of things to come for Iskandar Safa. His interest in large-scale projects would dominate the rest of his career up to the present day.
Iskandar spent three years in Riyadh before continuing his education in France to obtain his MBA at the European Institute of Business Administration. It was then that Iskandar launched Privinvest with his brother, who himself had graduated from MIT.
Privinvest began by diving into the worlds of hospitality and international trade. After these early successes, Privinvest went on to make their name known in the shipbuilding sector on a global scale.
Iskandar Safa and Privinvest seem primed for continued future growth. It will be exciting to watch just how the company continues to expand upon its global success.
Oren Frank is the CEO and Co-founder of Talkspace. This is the leading online and mobile psychotherapy platform. The company has made therapy affordable and accessible to various individuals across the universe. We are in a modern day and age where mental health care is perceived as a universal societal crisis. Talkspace provides convenience and effectiveness to those individuals seeking to better their well being.
Under the mentorship and leadership of Oren Frank, the platform has so far assisted more than 500,000 customers. Talkspace has managed to connect these individuals with licensed therapists. A majority of these people never had a platform to better their mental health before Talkspace was established. Frank is a firm believer in the power of technology and innovation. Practically, he has seen the potential of technology to better society and the universe as a whole.
Oren Frank founded Talkspace together with his wife Roni. The platform was established in 2012. Their primary vision was to offer “Therapy to All.” After the two experienced the usefulness of couple therapy in their marriage, they decided to launch Talkspace. Frank and his wife had a sturdy belief that mental health is a necessity for everyone. Everyone opts to access the support, and the value psychotherapy offers where a need arises.
Before he founded Talkspace, Oren frank was a senior advertising and marketing executive. He worked with McCann Erickson Worldwide. Frank was recognized as a great and progressive market strategist. The Talkspace CEO was a leading voice in the media marketing industry. Frank maintains that his platform assists him to repent and redeem for his years in the marketing and advertising field.
Roni Frank, Frank’s wife, is the Co-founder of the platform. Oren’s wife serves as the Lead of Clinical Services. She oversees the provider network of more than 1,500 therapists. She is also responsible for ensuring the quality of clinical services. Roni opens access to any person who requires mental health care.
Oren Frank noted that what inspired him to establish Talkspace was a relationship crisis that he had with the wife. The two went to Couples therapy, and that’s where the two got the idea. After the therapy, the two continued as a pair and raised their two daughters. Frank said that he kept doing therapy for some time. The wife quit her previous study and pursued a course in Psychology. Frank added that after he left marketing, he was in search of something more valuable, meaningful, and aligned with his beliefs. Learn more: https://adage.com/author/oren-frank/3678
Few people are as prolific as Ryan Seacrest is when it comes to American entertainment. He loves to host programs on radio and television, as well as pursue other endeavors. The Georgia native has long admired entertainers and has established himself quite the career; one that continues to be driven through hard work and dedication.
It Started In Radio
Ryan Seacrest moved to Los Angeles in the mid-1990s to pursue radio. It was there when Ryan Seacrest found success with the radio program On Air with Ryan Seacrest. The program continues to run and is now syndicated. He also hosts American Top 40, which he took over for one of his childhood inspirations in Casey Kasem. Beyond Radio, Ryan truly became a popular figure as the host of the popular singing competition program American Idol.
The singing program has seen a variety of evolutions over the years, including changes in staff and networks. Seacrest has remained with viewers throughout it all. Ryan works tirelessly between multiple gigs. A casual viewer won’t be able to tell that the entertainer regularly travels between New York City and Los Angeles to fulfill his many obligations as he hosts with energy and concentration (Kellyandryan).
He started co-hosting Live with Kelly and Ryan in 2017. He and Kelly Ripa entertain guests on the show in New York City. Ryan Seacrest can also be seen on television hosting Dick Clark’s New Year’s Rockin’ Eve with Ryan Seacrest among other things. He has his face and voice everywhere in entertainment, including production, but that isn’t all Seacrest has his hand in.
He launched a men’s tailored clothing and accessories brand sold exclusively at Macy’s in 2014. Ryan Seacrest Distinction has become one of the most popular men’s lines at Macy’s. On the other hand, this successful businessman also puts his energy into a skincare product for men which products are always approved by research and dermatologists. Ryan Seacrest has proven how hard he works and included in his efforts are his philanthropic pursuits.
Ryan Seacrest Foundation makes a point to promote a career in broadcasting and entertainment by putting broadcast media centers across pediatric hospitals in the United States. He is a tireless worker with a true pedigree for entertainment.
More on Seacrest’s radio show https://onairwithryan.iheart.com/
There isn’t much that Bennett Graebner hasn’t seen or been part of. When it comes to making gold standard reality TV shows, he has long been one of the premier trend setters. And now, with a new series called Love at First Kiss, he’s setting out to make “must see TV” for a whole new audience of reality series viewers. Bennett Graebner was the brains behind a spate of monster hit TV shows in the recent past.
He is the mogul who gave us such runaway smashes as The Bachelor and its natural corollary, The Bachelorette. As a result, he’s got much credit to burn in industry circles. He’ll be putting it all to the test when his new show hits the air. Bennett Graebner knows the difference between cult and kitsch and is willing to split things down the middle. Mainstream success has always found him willing to bargain. As a result, he’s not too worried that his new premise is too far out to appeal to the average consumer (Eonline).
After all, what’s more universal than a kiss? But this doesn’t mean that Bennett Graebner isn’t hedging his bets. Love at First Kiss is loosely based on a series that recently tore up the Dutch airwaves. But there have been a few select changes made along the way.
For example, on the Dutch show, when a couple kissed and didn’t seem to hit it off, they were allowed to part ways. The new show will be somewhat different. Bennett Graebner knows that American viewers love granting second chances to their adopted favorites. For this reason, he’ll give even couples that don’t seem to strike magic another few weeks to find their perfect partners. It’s this kind of “can do” attitude that makes magic on reality TV.
Love at First Kiss has every chance of joining the long list of patented Bennett Graebner successes. It’s loose, a bit wild, but ultimately sentimental and forgiving at heart. Whether it does find its niche remains to be seen. But if past success is anything to go by, it will have every chance.
Find out more about Graebner´s biography http://info.vassar.edu/news/features/2016-2017/160831-bennett-graebner.html
In the natural resourced department, Boris Ivanov is proving to be a big and influential name. The executive, who works with GPB Global Resources, has taken on an industry he is very passionate about, and this is why he is one of the most respected figures in the market. The oil company is already making headlines in African nations, South America, and few other nations in the Middle East. His impressive career shows a man who is committed to his daily work as founder and CEO. Before his business ventures, Boris Ivanov was a strong pillar in the Russian government. His work was mostly in the foreign affairs ministry, and this is how he discovered the natural resources department in many parts of the world. In Africa, Boris is already a big and respected figure. His numerous activities have helped many remote parts of the continent to grow and develop.
Healthcare and education are key areas in all parts of the world. When the professional was working with Russia, many things were happening in Africa too. The Russian communities wanted to reinvent and make sure that everything was taking a better route. In the African nations, the people discovered their abilities too. The communities started to take their children, regardless of their gender, to school so that they could acquire formal education and become better people. Many African leaders began to solve the numerous conflicts in their localities, and this is how investors from abroad to come and invest in natural resources. In few years, there were many opportunities in the continent, unlike before. Boris Ivanov was among the first people to grab the opportunities in African nations. The executive has helped in exploring the many natural riches in this part of the world. His company has been known in the continent for giving employment opportunities to many people in Africa.
Investors should never remain in their comfort zone if they want to go far in life. Boris Ivanov strongly advocates for the people abroad to visit Africa and explore the numerous opportunities present. These investors, on the other hand, should help the African nations to grow by constructing roads, schools, and healthcare centers.
Jack Landsmanas Stern is a successful entrepreneur and CEO of Corporativa Kosmos, a well-known conglomerate based in Mexico. However, maybe more significantly, he is the grandson of Pablo Landsmanas. Continuing his grandfather’s legacy of philanthropy and good will is what Jack Landsmanas Stern seems to be deeply rooted in. The Landsmanas family is originally from Lithuania, but in 1959, Pablo Landsmanas arrived in Mexico and started working in the meat industry. Paying close attention and learning everything he could about the industry, Pablo went on to open his own butcher shop in Mexico City, La Modelo. His path eventually led to founding of the Kosmos Corporation, a group of food service companies that abide by the highest standards of quality.
For more than 50 years, Pablo Landsmanas, Kosmos Corporation, and now Jack Landsmanas, have maintained an excellent and trusted reputation in the food service industry, becoming industry leaders and giants. The Kosmos Corporation is the largest food service provider in Mexico, where their services extend out to schools, hotels and even boats. Kosmos Corporation provides services for over three million people a day. In an effort to honor his grandfather and what his grandfather stood for, Jack Landsmanas created the Pablo Landsmanas Foundation in 2016. Thanks to this foundation, just about half a million meals are donated to those in need, such as teen moms, Holocaust survivors and persons afflicted with HIV/AIDS.
The goal of the foundation is to positively affect Mexican society through health, food and education. Jack Landsmanas Stern operates under the motto “Por Ti, por Ellos, por Mexico.” “For you, for them, for Mexico” is the motto of the Pablo Landsmanas Foundation and exemplifies the humanness that Jack desires to be a part of the work that he does. Through Kosmos Corporation, jobs are created, people’s needs are addressed and the Mexican community benefits greatly. Kosmos Corporation employees even have the chance to receive scholarships from their company for their children’s education. In so many ways, Jack Landsmanas Stern ensures that his grandfather’s legacy stays alive through the philanthropic efforts of his foundation and the ethical operating of the family business. Read More.