Charitable Giving Today With Paul Mascitti, Retail Banking Market President with BMO Harris Bank

Nonprofit organizations have always relied on the generosity of the community. But with dwindling funds from public and private sectors, it's time for individuals to step up. "Ever since the financial crisis hit, it's been difficult for nonprofit organizations to attract resources, but the need is greater than ever," says Paul Mascitti, Retail Banking Market President with BMO Harris Bank. This represents an opportunity for your donation to make a greater impact.

Even if times are tight, you can make a gift that matters. Small amounts or a donation of gently used clothing or children's toys can make a difference to someone who needs help. "No matter how big or small, it's the act of giving back that sends the largest message," says Mascitti.

Making a gift that matters
Here are three tips for finding a few extra dollars to donate to a nonprofit organization:

• Review your budget. Take a closer look at your budget to see what money you have coming in and going out. Using the Helpful Steps Plan, Track and Manage Your Money tool, you can pinpoint areas you may be spending more than you should.

• Make small cutbacks. Consider cutting out one small thing each week and then putting the money toward your donation. If you give up one lunch outing per week, you can watch your gift quickly add up!

• Get an employer match. Contact your company's human resources department to see if it will match employee nonprofit donations. Many companies offer this benefit and it's an easy way to increase your gift.

In addition to giving cash, you might also consider donating nonperishable food items, clothing and toys or volunteering your time or skills. For more information, read New Ways to Make a Gift That Matters [Link to Interactive Feature].

Mascitti points out that you could personally benefit by choosing to give by end of year. "You may be able to get a tax deduction," he explains. "Especially for wealthier individuals and families, giving now is a smart choice that benefits everyone involved."

BMO Harris Bank is committed to giving back to the Chicago community. "We have the resources of a large bank, but the feel of a local bank," Mascitti says. "Our affiliations with the community benefit our customers and help us provide the services they need to give wisely."

Check out the BMO Harris Bank Community Calendar and find ways you can get involved. For more information, please call 1-800-546-6101 or visit HarrisBank.com.

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• money
• Harris Bank
• BMO Harris Bank
• Helping Make Money Make Sense
• charity
• charitable giving
• non profit
• good cause