Good Investments
that are Right for You

Charitable Giving

Elderly couple resting on a bench in the park

Would you be surprised to hear that 30% of all charitable giving occurs in December? In fact, 10%—or $60 billion—is given in just the last three days of the year.1

While some people end the year on a charitable splurge, others prefer to incorporate a charitable giving strategy into their overall personal finances.

We are here to support whatever approach works best for you!

“One gives freely, yet gains even more; another withholds what is right, only to become poor” Proverbs 11:24

We want to make certain you understand the pros and cons of each approach, so take our quiz and see how much you know about charitable giving.

Writing a Letter of Instruction

1 / 10

You can add a section to your letter of instruction that can help the executor of your will interpret the legal document.

2 / 10

A letter of instruction should not provide any details about how to care for any pets that are left behind.

3 / 10

Nobody is required to abide by the terms of your letter of instruction. So, if something is important, consider placing the idea in a legal document.

4 / 10

Ask your lawyer to write your letter of instruction.

5 / 10

A well-written letter of instruction can help expedite your estate process and might make things more manageable for everyone involved.

6 / 10

There are no formal writing rules for a letter of instruction. However, to help your executor, you should consider adding information like the location of any real estate titles, the location of safe deposit boxes and their keys, and any account passwords.

7 / 10

Lock up your letter of instruction. You want to keep the contents private.

8 / 10

Your letter of instruction is a good place to explain your ideas for your funeral proceedings.

9 / 10

If you have more advanced estate management tools, there’s no need for a letter or instruction.

10 / 10

To be recognized, a letter of instruction should be notarized.

Your score is

The average score is 0%

0%

Answer key:

  1. A
  2. B
  3. D
  4. C
  5. C
  6. B
  7. E

 

6—7 Correct: You know your stuff when it comes to charitable giving!

3—5 Correct: Seems like you may have some homework to do on charitable giving.

0—3 Correct: Charitable giving concepts move fast. We’re here to help!

  1. VanguardCharitable.org, November 12, 2024

  2. GivingUSA.org, June 24, 2025

  3. NonProfitssource.com, 2025

  4. PNC.com, July 31,2025

Other Recent Articles

The Power of a Financial Plan

“Measure twice, cut once" is an old carpentry saying.

“Hello, It’s AI Calling”

With just 3 seconds of audio, some artificial intelligence software can mimic the tone, pitch, and cadence of a person’s voice.1

Passport to Investing

Some people have a desire to travel the world, while others would prefer to see the sights closer to home. There’s no right answer. It largely depends on your personality.

Other Articles Related to: ,

The Power of a Financial Plan

“Measure twice, cut once" is an old carpentry saying.

Passport to Investing

Some people have a desire to travel the world, while others would prefer to see the sights closer to home. There’s no right answer. It largely depends on your personality.

When Kids Move Back Home

Watching kids move into a college dormitory is a rite of passage that’s welcomed by many parents.

Creative Financial Center
2704 South Goyer
Kokomo, Indiana 46902

  • 800.745.7776
  • 765-453-9600

MEMBERS:  FINRA    FINRA’S BROKER CHECK    SIPC   |   Privacy Policy

Advisory Services are offered through Creative Financial Designs, Inc., a Registered Investment Adviser, and Securities are offered through cfd Investments, Inc., a Registered Broker/Dealer. Copyright 2021 © All rights Reserved.