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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 80%

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

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