So you want to make a big gift to your favorite charity. But, you don't have the money or the asset right now. Yet, you want that warm and fuzzy feeling of making a difference. (The nonprofit wants it, too!) Can you borrow the money at no interest and make the gift now? The answer, surprisingly---with no gimmicks---is yes!
A group called B Generous allows donors to give now but pay later. How is this possible? With their technology, nonprofits receive the donation from the donor upfront, but the donor is able to pay over time…without stressing his or her bank account. The best part is, the donor gets the full tax deduction right away, and pays no fees, interest, or hidden costs.
More than half of the country makes annual philanthropic donations to charities. Moreover, the average donation in America is higher than the average online purchase, making America a true nation of givers ($500B per year, to be exact). Nevertheless, more than 70% of American donors report wanting to give more money to their favorite nonprofits, but feel unable to do so due to cash constraints.
And this, my good friends, is why B Generous was created! Read about Chip Minto and B Generous below:
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