Thanksgiving is the traditional time for giving thanks. However, there’s not a day that goes by during the rest of the year that I don’t reminisce about my time at the University of Maryland with gratitude, remembering all the connections and opportunities that my time there afforded me. As many of you are aware, I was blessed to have played football as a Terrapin and was fortunate enough to receive a scholarship. I was recently asked to participate in an interview with UMTerps.com as part of their “Impact of a Scholarship” series. I didn’t have to spend a moment of preparation thinking about what I would say or how I would respond to any of the questions. Each and every day, I am keenly aware that the scholarship afforded me the opportunity of a lifetime. As I mention in the article, I can trace back so much of my life from my time at College Park – my wife, children, career and friends. I am so very grateful for my time there and, in addition to giving back financially, I am very passionate about paying forward my time.
With the season of giving in full swing and the tax year coming to a close, you may be considering the best ways to make charitable contributions. From scholarship programs at your alma mater to local foodbanks and health-related nonprofits, we all have causes that are near and dear to our hearts. For many of our clients, charitable giving is an important part of their financial plan, and it’s more than just a tax benefit – they are truly driven by their causes. Our team is always excited to help a client fulfill their desire for giving. We’re here to help you maximize your financial resources and develop strategies for contributing to your favorite cause.
In this edition of The Heron, the article “Out-of-the-box alumni donations,” although lofty, may help inspire you to think about creative ways of donating to your alma mater. Here are two additional articles on charitable giving that discuss strategies to use your financial resources with the greatest impact.
Please don’t hesitate to reach out if you would like to discuss charitable giving and your financial plan. I hope that you and your loved ones have a safe and healthy Thanksgiving!
Todd M. Wike, CFP®
CERTIFIED FINANCIAL PLANNER™
Managing Partner, Potomac Financial Group
2022 RJFS Chairman’s Council Member*