Giving to Charity

Our Currently Funding Project

Click here for more info to get involved.

We have set our criteria as following to target financial literacy and entrepreneurship.


Other benefits

The IRS wants you to give to charity and they give you a tax deduction on your takes to lower your Adjusted Gross Income (AGI).

The deduction makes sense, by giving to a non-profit its one less dollar the Government needs to support that group or cause.

But many of us at SPC like control over their dollars and want to make a positive impact. As we say here “The Passive Cashflow… That’s the easy part, it’s what you do after is the hard part.”

Personally, I like monies to go to things in Hawaii especially when a lot of our investing dollars goes outside the state (secondary/tertiary markets). It is only right.


Our Past Charities

2017 – Relay For Life

2018 – Choose Love



Ways to get a deduction

Make no mistake we are not giving to charity to get a write-off. Plus it’s not cool, you should give because you are passionate about the cause.

Also spending a dollar to save 20-40 cents is not smart… but I hear so many people thinking they should go into a bad Opportunity Fund Zone deal or into a 1031 exchange just to save taxes.

Here is a list of ways to get deductions while helping others:

  1. Donate cash or donate stuff. Keep careful records of what is donated. If you write a check to charity, you can take the amount of that check as an itemized deduction on Schedule A.
  2. If you serve in a charity, you can deduct all of the expenses associated with your service.
  3. Donor Advised Fund – not recommend by myself because you are investing in Wall-Street assets but its an interesting concept. Also look into a Qualified Charitable Distribution.
  4. Private Charitable Foundation – I have this set up in my estate plan for a lot of my funds to go to this foundation that I am yet to set up (this is on my to-do list). Think of the Melinda and Bill Gates foundation.
  5. Charitable Remainder Trust – Don’t have enough to live on today yet (to be able to give away your money) or don’t want to give it to your spoiled kids? Name a few charities to give it to when you die.