Happy Giving Tuesday! Once again in 2022, I’m offering to donate $100 to a charity of your choosing, marking the fifth consecutive year we’ve done this. The only difference on my end is that I’ll be using CharityVest to make grants, as most of our DAF money is now with this lower-fee donor advised fund.
Please read the post below for the details we need and the criteria for your selected charity before proceeding to the comments section to make your request.
I plan to donate $100 to the first 100 qualified requests in the comments and will fulfill requests made by more than 50 companies we work with, for a total of just over $15,000 in grants from Physician on FIRE. I’ll gladly take any volunteers willing to accommodate 10 (or more) additional requests. Let’s see if we can top last year’s total of 190 reader requests fulfilled!
If you would be willing to fulfill 10 requests, please contact me or leave a comment indicating your willingness to do so, and I will get in touch with you privately.
Charities Chosen by Our Sponsors
Companies and Individuals whom I’ve worked with over the past year were given the opportunity to select a recipient of a $100 grant.
These are their choices:
4th Street Clinic: White Coat Investor
Akron Childrens Hospital: Truist Bank
ASPCA: Dr. Disability Quotes
ASPCA: Origin Investments
Assure Women’s Center: Pattern
Best Friends Animal Society: Sandi Jameson-Frith of Huntington Bank
Bike Pittsburgh: Bri of PoF
Boys and Girls Club of Bloomington: Hospital Recruiting
By Degrees Foundation: ISL Education Lending
Cameron Boyce Foundation: Kaplan Financial
Charlotte Rescue Mission: Jonathon of PoF
Children’s Cancer Association, Portland: The Finity Group
Children’s Hospital of Alabama: Cadence Bank
Crohn’s & Colitis Foundation: Mortar
Denard Span Foundation: Wealthkeel
Doctors without Borders: Curizon
Doctors without Borders: Hippo Education
Doctors without Borders: Locumpedia
Feed Northland Kids: Contract Diagnostics
Feeding America: Incrowd
Friends of the Green Crescent: Coach Carson
Greater Cleveland Food Bank: Brent Bartlett of First Federal Lakewood
Greenville Humane Society: Valerie Leonard of First Citizens Bank
Harbor House Domestic Abuse Programs: Marc Evans of BMO Harris Bank
International Rescue Committee: SoFi
Kismet Pet Adoptions: FPL Capital
Leukemia& Lymphoma Society: PolicyGenius
Mid-Ohio Food Bank: Northwest Bank
New Ulm Jaycees: Frandsen Bank
Operation Underground Railroad: Semi-Retired MD
Panacea Foundation: Panacea Financial
Red Cross: Cerebral Tax Advisors
Resolve National Infertility Association: Resolve
Rodale Institute: Roofstock
Ronald McDonald House: CMG Financial
Ronald McDonald House of the Intermountain Area: RFK Capital Management
Salt Lake Education Foundation: Cindy Remke with PoF
Salt Lake Education Foundation: Neo Home Loans
Special Olympics: All Global Circle
St. Jude Childrens Research Hospital: Crowdstreet
St. Jude Childrens Research Hospital: 37th Parallel
St. Louis Arc, Inc: ContractRx
Su Refugio Ministries: Doctor Disability Insurance
Temple University Hospital: Pearson Ravitz
The Cobblestone Project: AcreTrader
Sandbox Group: LemonBrew Lending
U.S. Space and Rocket Center Education Foundation: Gretchen Green MD
United Way of NYC: Laurel Road
Unicef: Realty Mogul
Utah Sports Commission Foundation: Earnest
Values in Action Foundation: Splash Financial
Wake Forest University Health Sciences Center: The Physician Philosopher
Womens Foundation of Arkansas Aave10 Campaign: Aptus Financial
Wounded Warrior Project: Making Your Money Matter Personal Finance Bundle
Tell Me Where to Donate $100
There are a few simple criteria.
First, the recipient must be named in the comment section below on this website. Replies on Twitter, Facebook, or anywhere else will not be counted.
Second, the charity must be a registered 501(c)(3) charitable organization. You can research them and find the exact name, Tax ID number, and address of such organizations on sites like Guidestar, Charity Navigator, Charity Watch, and Consumer Reports. I’ll be making the grants from Fidelity Charitable, which also has resources for selecting charities.
Third, please avoid political and religious organizations and associated gray areas. You’re welcome to support whomever you like with your own dollars, but I like to avoid anything that could be considered controversial with these grants.
Finally, consider supporting the charity you choose in another way if you are not already doing so. I know many of you nominate charities that you’re personally involved with, whether you’re donating your time, serving on its Board, or donating far more money yourself. I thank you for your efforts!
The Information I’ll Need
Please comment with the exact name of the charity. If you can find a link on Guidestar or Charity Navigator, please include that, too. Usually, that’s more than enough info as long as you know for a fact that it is indeed a 501(c)(3).
If you’re unable to find the charity in a search engine, this is the form I’ll be filling out if the charity is not in Fidelity Charitable’s database. Please include the necessary info so that I can efficiently make the grant to your chosen charity.
Important info to share in your request:
- Charity Name
- Tax ID Number
- Mailing Address
- Phone Number
A link to their website doesn’t help. You might be able to use it to find the information above, but it doesn’t help me make the grant.
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Physicians, Pharmacists, and other healthcare professionals are invited to join Incrowd today!
Start Your Own Donor Advised Fund
One reason I’ve made a habit of making hundreds of $100 grants is to highlight just how easy it is to do so when you have a donor advised fund (DAF).
These grants will all be made anonymously. That means no follow-up requests, phone calls, or mailings.
I don’t need a single receipt for any of these donations. I get one receipt when I donate to the DAF, which I generally do once per year.
The robust charity search function at Charityvest makes it easy to find a charity. If a charity is not in their database of well over a million charities, they can add it. Alternatively, I can manually add a charity using our Fidelity Charitable or Vanguard Charitable DAF.
The money in the DAF is invested in low-cost index funds, just as it would be if I had left it in my brokerage account. Of course, I always donate appreciated shares of mutual funds (ETFs and individual stock work well, too), eliminating any future potential capital gains taxes.
Until last year, Fidelity Charitable was my preferred DAF, but I have shifted to recommending Charityvest. They have the lowest fees combined with low minimum contributions and grants, making it ideal for someone starting their first DAF or someone with an established, large DAF.
You can find Charityvest’s fee schedule here. The admin fees are 0.45% and decrease with balances of > $500,000. There’s no fee to open an account, the minimum admin fee is $48, and the minimum contribution to the fund is equal to the minimum grant from the fund at $20.
In comparison, Fidelity Charitable charges a 0.6% admin fee with a minimum admin fee of $100, and the minimum grant is $50. See Fidelity Charitable’s fee schedule.
Vanguard Charitable requires a minimum of $25,000 to open an account, contributions must be at least $5,000, and the minimum grant is $500, or 25x the minimum at Charityvest. The admin fee is 0.6% of the balance. See Vanguard Charitable’s fee schedule.
All three have a tiered admin fee that decreases when you carry a balance of more than $500,000. They all offer low-cost index funds. Charityvest has an ESG option, which I’ve decided to utilize.
One place that Charityvest costs more is accepting appreciated mutual fund shares as contributions. There are no fees when donating appreciated ETFs or individual stocks to Charityvest, so to avoid the 1% fee for contributing a mutual fund, convert it to an ETF with your broker if that’s an option, and then donate it to Charityvest. Alternatively, you could utilize a DAF with your brokerage (Vanguard, Fidelity, and Schwab all have them) and donate the mutual fund first to the in-house DAF and then make a grant to Charityvest to fund your balance there.
For more information on donor advised funds, see the following posts I’ve written about them:
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Make your requests below!
Ideally, include a link to the organization’s profile at Guidestar, Charity Navigator, Charity Watch, and Consumer Reports. If you can’t find a profile, please include the exact name, tax ID, address, and phone number. A link to the charity’s own website is often not helpful for me.
I’d like to recognize the following individuals and couples for volunteering to donate at least $1,000 each by making 10 or more grants:
- Physician in Numbers
- Matt and Kimberly Schoeck
- Walz Helmick Charitable Fund
If you’d like to be added to the list, hit me up, and let’s make a massive impact this Giving Tuesday!
Update: All requests have been received and the grants have been made! Thank you to all who participated in our Giving Tuesday efforts. Thousands of lives have been touched.
If you don’t have time to gather the information right this second, you can name the charity and come back later today and reply to your comment with the necessary info.