Posted On: October 16, 2026 by Home State Bank in: Community Personal Banking
As we quickly approach the holiday season, it’s a good time to take pause and reflect on your charitable giving.
There are many ways to support local, state, national, and even international charitable organizations. You can donate your time, goods and services, and of course, financially.
The reasons we support charities are personal to us. Whether from a personal connection, wanting to support the communities we live in, or other, there’s never a bad reason to give back to others.
And when you give back, you’ll also receive in both financial benefits and, more importantly, mental health benefits.
- Giving Makes You Happier: Many studies have shown that people who give are happier than people who keep. As humans, it’s in our nature to be generous to others, so donating time or assets is a great way to boost moods and feel better.
- Promotes Family Bonding: This can be especially true if it’s a charity your family or you have a close connection with and can participate in both through time and assets.
- Offers Financial Benefits: You likely know that donating money can lower your tax bill, but it can also reduce your estate tax and avoid capital gains tax through gifting assets and stocks.
If you are retired and have an IRA with a requested minimum distribution, consider making a qualified charitable donation with your distribution to avoid taxable income and help causes you care about.
As you’re making budgets for next year or wondering how to make this coming holiday season a little more special, consider the benefits of charitable giving.
If you’re looking for more ways to give, stop into Home State Bank today and talk with one of our Universal Bankers today.
Home State Bank is a Member FDIC and Equal Housing Lender
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