San Bernardino County Sun - News -
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Published on: 12/26/2005
Last Visited: 12/26/2005
Kelly Allen, a certified public accountant and chairman of The Unforgettables Foundation board, cautions against making the bottom line the deciding factor, though.
His clients call "all the time," he said, asking about giving more to charity
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Those who don't itemize have to give a hefty portion of their annual income to get a tax benefit, a system that the Legislature is considering changing, Allen said.
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The largest transfer of wealth in the nation's history will come to the next generation, Allen said, adding that "it's really important for us to educate our generation on the need to give."
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Estate gifts, including property and stocks, are becoming a common donation, while used cars are not because new regulations limit their value, Allen said.
Burial plots are also increasingly being donated to the Unforgettables.Two were donated this year, and the charity sold them for between $3,000 and $6,000 each.
"That's a good example of a noncash charitable donation," Allen said.
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