In a study performed by the Network for Good, researchers found that 29-percent of donations for an entire year occurred in December with 11-percent in the last three days of the year. Creating a charitable contributions plan can lead to a positive impact on the cause while lowering the tax impact on your wallet. The earlier you can plan your contributions with HCR Wealth Advisors in the year, the better.
One way to make a major impact is by donating stock. There are four major advantages to donating stock in place of cash:
Cash can be used elsewhere
When donating stock from your portfolio, this frees up the amount of cash you were going to give so it can be invested in an equal amount of the stock gift. This helps you continue to grow your money while still giving to a reputable cause.
Increase the size of your gift
HCR Wealth Advisors has found that by selling stock to raise donation money, you most likely will incur a tax liability from the actual sale. However, by donating stock to charity, you will receive a tax deduction at the full fair market value of the stock.
Remove tax liability
Federal capital gains tax on investments can be as high as 20-percent without the added state capital gains tax. Add in the 3.8-percent Medicare tax on investments and your total tax could be over 25-percent. On the other hand, HCR Wealth Advisors note that donating stock removes the tax liability altogether.
In addition to not having to pay a tax liability, stock donations are tax-deductible for those who itemize their deductions. Although the standard deduction has been raised, resulting in a greater hurdle, those who can give will help their wallet and charities through stock donations. HCR Wealth Advisors note the maximum percentage of appreciated stock donations is limited to 30-percent of your Adjusted Gross Income.
This article is provided for informational purposes only and should not be interpreted as investment advice.
James River Capital is one of the companies that have built their brands in the investment industry. The company opened its doors in 1986 operating as KP Futures Management Corp. Kidder, Peabody & Co., Inc. used KP Futures as an alternative venture before the latter became independent in 1995 rebranding to James River Capital. Kevin Brandt and Paul Saunders initiated the change after buying KP Futures Management Corp. from Paine Webber, the investor that bought kidder. James River Capital operates under CFTC as a Commodity Pool Operator. It also serves the same institution as an advisor for the commodity-trading portfolio.
Additionally, James River Capital offers investment advisory services under the SEC umbrella. Paul Saunders is an expert in financial matters after spending the better time of his career in the trading and investment banking sectors. Paul acquired the skills from the Virginia and Chicago Universities. The B.A. and M.B.A degrees from Virginia and Chicago respectively helped him get employment opportunities from renowned companies before purchasing James River Capital.
His tenure at Warburg Paribas Becker as the company’s Corporate Finance sector and A.G. Becker’s Commodity sector honed his financial and management skills significantly. Before joining KP Futures Management Corp.as the president, Paul worked at Kidder, Peabody, and Co. as the Commodity Funds and Managed Account director. The financial guru offers advisory services through James River Capital to startups in different ways of funding their businesses.
According to Paul Saunders, many budding investors fail because of inadequate funding of their ventures. He advises them to look for funds that would sustain their new businesses and investments beyond launching. He points out that not every investor is lucky to have a new company that starts making a reliable profit from the first day of launching. One of the best ways of funding a business is through bootstrapping. The investor funds the venture either by personal savings or from the support of friends and family members.
The James River Capital Chief Executive Officer notes that the investors could get funding through engaging their friends and selling them the business idea. The crowdfunding method works well if one has reasonable friends and the ability to sell the ideas professionally. Paul gives an example of Oculus Virtual Reality Headset that raised $2.4 million through crowdfunding. An investor bought the company for $2 billion at its prototype stage through Facebook. Learn more: https://investor.com/rias/james-river-capital-corp-133297
If the two methods fail, the investor has no other alternative other than consulting the funding companies, banks, and groups, among other financial institutions. The lenders provide business and local loans that attract interest and demand excellent credit score or collateral. The other alternative is to look for venture capitalists and angel investors that fund investors for better returns after an agreed period.
NexBank is a company which is based in Texas. It is one of the largest banks in Texas. It deals with financial services. It not only offers its services to individual clients but also corporations. Recently, it was ranked as number one in the category of return on average tangible common equity. It was also given acknowledgment among the banks which had good efficiency ratio. S&P Global Market Intelligence has recognized NexBank on its excellent performance in asset quality, in 2018.
The financial services NexBank include mortgage banking, commercial banking, and institutional services. In commercial banking, the company values the importance of having a good treasury management system. Therefore, they analyze the treasury needs of their clients and help them make better decisions to strengthen their treasury systems. They offer convenient strategies to oversee incoming cash flow from companies. Each individual and company is different. So, the method used to secure the finances of one is unique from another, according to their personal needs. The advantage of having NexBank as a treasury management bank is you cut costs and improve the return on investment.
Institutional clients have also benefited from the services NexBank offers. The bank has been able to understand their needs and custom make solutions for them. The bank also serves as a real estate advisory. They provide insight into property management. They want to help people cut operational costs, boosting their experiences and efficiencies. For more details you can checkout prnewswire.com
The team at NexBank is experienced and professional at handling financial needs that their clients have. Their expertise and good customer services enable the bank to be more approachable. The clients feel comfortable and secure -letting the company handle their financial matters. NexBank has empowered many companies and institutions to growth.
Marc Beer is a man who has seen things come and go over the years. He has been in the pharmaceutical business for more than twenty-five years. He is the CEO and founder of a company called Renovia. This is just the latest step in a busy and illustrious career. He has worked hard to get where he is today. In an interview with Inspirery.com, he talks about his life and career.
Marc Beer says that he was interested in the medical field from a young age. He wanted to know how things worked and keep up with the latest cures for diseases and other ailments. He says that when he decided to be a co-founder of Renovia he was approached by two friends who knew that there was a medical problem out there and they wanted to solve it. The problem is called pelvic floor dysfunction and affects millions of women around the world. His friends wanted him to finance their studies and be able to help find a cure for this condition. This is where Marc Beer came in and he was more than happy to help them out. This is Renovia began to take shape.
Marc beer says that when it comes to making money with Renovia it has not yet materialized. He says that the company is still in the early stages of development and still needs venture capital to get deals done. He says that the biotech industry is a very difficult one to get into because there is not a lot of money to be made and money can be wasted on wrong ideas. If an investment goes wrong it can make a huge difference. It is a very slippery slope when it comes to something like this.
When it came to his early career when he was not surprised that a new business had gone belly up. This did not deter him from trying new things or tackling different positions with other companies. He was nervous when he started a company called ViaCell. there was a lot more money at that time going into the company than going out of it. He was afraid at one point that he would lose his investment but he and his coworkers were able to weather the storm and become a success. This shows the value of determination and leadership in the business world today. Learn more: https://www.prnewswire.com/news-releases/lumenxt-names-marc-beer-chairman-of-the-board-300822547.html
Marc Beer has had his share of ups and downs but knows that tough times don’t last forever. He has always had a passion for helping people and being on the cutting-edge of medical research and technology. this is how the cures of tomorrow get their start and no one knows that better than Marc Beer.
Marc Beer has been working in the line of work he is in for quite some time. Twenty-five years help you really know what you are doing in a job. Recently Marc Beer was moved up to Chairman of the Board for LumeNXT Inc. This company works producing products that help make surgeries minimally invasive. He has experience in a lot of things including biotechnology, medical devices, and many other things. This helps him to bring a lot to the table.
Marc Beer loves working with LumeNXT and being able to work with people who are dedicated to the job that they are doing. He knows that working in something like this is very important. He is able to help make surgeries easier and less dangerous for patients. Marc Beer along with surgeons know that with the right technology a lot of surgeries can become easier for both the surgeons and the patients. Without technology, surgeons do not have the precision and visualization they need.
LumeNXT along with Marc Beer want to make sure they are allowing the safest and most effective products come to life when it comes to creating products for minimally invasive surgery. After many years of working with LumeNXT Marc Beer decided to start his own company Renovia Inc. This company also allows him to help people by creating products that help women with pelvic floor issues.
Marc Beer has worked in many different jobs that allowed him to be the top leader. This has helped him gain the experience he needs to be where he is today. He never dreamed that he would be this successful but he has worked hard every day to get there. He has always set some pretty big dreams for himself and has always worked very hard to make sure that he reaches them. Learn more: https://gazetteday.com/2018/10/marc-beer-funding-renovia/
Marc Beer gained a lot of his success while working with LumeNXT but starting Renovia really helped to take him to the next level. Marc Beer is not finished yet. He is going to continue to keep moving up the ladder. He is going to continue to grow his name for many more years to come.
According to the recent announcement by Lumen XT, Marc Beer is the new Board Chairman. Lumen XT is a private company and specialized in advancing surgical lines of surgical products. The focus of these developments is to reduce the invasiveness of surgeries. They intend to use LED illumination which is essential for purposes of intracavity. Through advanced visualization, they use the illumination platform of the company for safety improvement.
According to surgeons with knowledge about illumination, the technology is one of the best when it comes to the enhancement of visualization, precision and flexibility during surgeries. Lumen XT provides illumination platform which is crucial for the mechanism of reducing heat. They want to improve it for a disposable option which is not costly. The idea is also to improve safety and precision during operations. Marc Beer has shed light on his role in the great organization.
Marc said it is a privilege to work with Lumen XT and he is proud to work for the company and bring the best. The talented leader says that the firm has accomplished and dedicated engineers and surgeons. It is incredible to work with these professionals who try to use the organization’s technology to improve the surgical illumination field. The brilliant Chairman of the board for the company says the platform is crucial because today minimally invasive ways are used to perform surgeries.
One of the founders of the company is Paul Rhyne, and he was happy to comment about Marc Beer. Talking about the appointment of Beer, he said the leader is one of the best in the industry because of the demonstration of great success in various startup companies. Beer has managed to grow different firms in their various growth phases. Rhyne pointed out that Beer is not only excellent in running a company, but he also has experience when it comes to guiding firms to achieve their missions. Paul believes that Beer would use his expertise for the benefit of the company.
Marc Beer is the perfect individual to take the new role as the new Chairman of the Board. With more than twenty years in the industry, he has what it takes to commercialize and develop companies in different sectors like diagnostics, pharmaceuticals, biotechnology and devices. Apart from working for Lumen XT as the new Chairman of the Board, Marc is one of the founders of Renovia where he also serves as the CEO. The company which started in 2016 has been specializing in the delivery of diagnostic devices and digital therapeutic devices to individuals who have some disorders like pelvic floor. For many years, he has worked for many companies, his career has been successful, and many admire his boldness in running organizations successfully. With his experience, Beer is taking Lumen XT to the next level of achievement. Learn more: https://renoviainc.com/
Marc Beer is a successful businessman who heads the Renovia Inc. startup company as the CEO and co-founder. The company is set to launch a diverse number of new products that will be used in the treatment of pelvic floor disorder after it managed to raise a total of $42 million through Beer’s efforts. Renovia Inc. which is based in Boston seeks to develop a variety of the said products to be used in diagnostic and therapeutic procedures in pelvic floor disorder treatments in cases such as urinary incontinence among others. What’s more, with the launch of the new products will see the treatment of the pelvic floor disorders being of benefit to an estimated number of more than 250 million women in the world. Equally important, one of Renovia’s pioneer products known as Leva has already been approved by the FDA.
Further, the Long Wood Fund, an investment firm that specializes in the health sector is also part of the Series B round where it was preceded by the Perceptive Advisors Organization in New York and Ascension Ventures in Missouri. Furthermore, the funds collected will go a long way in the creation and development of four other diagnostic and therapeutic products that will include an improved Leva device. Marc Beer, the CEO of the Renovia said in a statement that the company was delighted to have some of the top healthcare investors supporting them besides sharing their vision of forming solutions for women with pelvic floor disorders. He added that with the teaming up of the given organizations, would stir innovation and technologies to help establish better digital platforms essential during the treatment options. Moreover, the new technologies will ultimately increase more information and understating in dealing with pelvic floor disorders and the general lowering of health costs.
About Marc Beer’s Career
As one of the respected businessman supporting a vital section in women’s health, Marc Beer has served in various capacities in the healthcare sector that include diagnostic, biotechnology and pharmaceutical industries. Also, with over 25 years of experience in the healthcare market place, his main are area of specialization has been in the development and commercialization of the above digital healthcare platforms. Having worked in several other companies, his latest achievement is when he co-founded Renovia alongside his partners Yolanda Lorie and Ramon Iglesias, who is the MD of the firm in 2016. Notably, it was shortly after starting the company, that Renovia Inc. began by closing the Series A financing when they combined efforts with some of the top healthcare ventures in the market. Other than that, Marc Beer has been in the frontline of making discoveries in the healthcare industry where such an example is when he was responsible for marketing JUXTAPID drug that received approval in more than 30 counties. Learn more: https://www.bizjournals.com/boston/news/2018/08/21/ex-aegerion-chief-beer-raises-42m-for-womens.html
When Henry Ford founded the Henry Ford Company in 1903, no one expected the company to be the fifth-largest automobile manufacturerin the world. Ford is the second-largest vehicle maker in the United States, and the company is still under the control of the Ford family. In 1956, the company went public, but the Ford family still controlled 40 percent of the voting rights through special Class B shares. Henry Ford II was CEO of Ford until 1982, and William Clay Ford Jr. took over as executive chairman in 1998. In 2001, William Clay Ford Jr. became the CEO of the company.
But another member of the Ford family is in the news these days. Elena Ford, the fifty-two-year-old daughter of Charlotte Ford, is the company’s new chief Customer Experience Officer. Elena was a Ford VP before accepting this new position. She’ll report to the president of global operations, Joe Hinrichs. Elena started working for her great-grandfather’s company in 1995. She’s an NYU graduate, and she’s full of the Ford family spirit. In 2013, Ford got thevice president of global dealerand customer experience job, so she knows how to work with Ford employees as well as Ford customers.
According to Elena, all giant international companies fail to focus on customer experiences. The little things fall through the cracks, according to Ford, and those cracks become fault lines that hurt the Ford customer experience. Elena Ford’s job is to ensure every customer has a positive experience when they walk into a Ford dealership. It’s her job to make sure every customer’s car buying experience is a smooth transaction no matter where they buy a Ford product.
Elena Ford will also develop worldwide standards, so every Ford Motor Company dealership and every employee interact with customers the same way. That means the salespeople, as well as the mechanics, will treat customers with respect and a positive attitude. Elena studied corporate strategies and customer behavior, so she’s well aware of the issues that can turn potential Ford buyers off. Ford spent hours in dealerships in the United States and China examining customer feedback and data. She also studies the customer service practices of Disney, Jet Blue, and Apple. Those three companies put a lot of emphasis on customer care and service. Ford’s goal is to set up a system that attracts potential car and truck buyers and then keep those buyers happy once they purchase a vehicle. Elena Ford wants to make every Ford owner part of the company’s extended family.
Marc Beer is a well-accomplished individual that has currently taken to biotech and pharmaceutical pursuits. Just two years ago, Marc Beer started off the company Renovia along with two colleagues of his, which is focused on research and developing treatments for women all over the world. In the latest series of funding conducted by Marc Beer at Renovia, they managed to get more than 40 million dollars to go towards new research and the development of new treatments for pelvic floor disorders, which currently afflicts more than 250 million women across the world. Marc Beer is dedicated to his mission to help people around the world through his knowledge and discovery and Renovia is his first true legitimate display of that.
The funding for Renovia has come from various sources since the company first started up, though in the last series of funding the majority of the money came from investors that want to help the healthcare industry. Roughly 10 million dollars of funding came from debt financing as part of the deal. Various other healthcare organizations have expressed interest and invested in Renovia since it first started, including OSF Ventures, Longwood Fund, Western Technology Investment, and Ascension Ventures. Renovia is currently based out of Boston in the United States and in the past two years since it first started, it has gained tremendous traction throughout the region.
Since 2016, Renovia has managed to get the approval of one drug for treating pelvic floor disorders in women known as Leva. The FDA approved this drug without any hassle at all and it will be the first line for treating women with pelvic floor disorders. Leva also uses technology to check urinary tissues inside of the body to see what kind of responses they have normally and with the drug.
Jed McCaleb is the current co-founder of the Stellar Development Foundation which aims to link people through a financial network system even if they don’t belong to a banking corporation. McCaleb came up with this idea to connect financial institutions through a completely new digital system. This highly new development system allows for banks and payment systems to connect for a smoother and faster payment system. Clients from all over the world are able to customize their payments by using developer-friendly software and tools. Transfers are made much more cheaper and flawless through this method as well. Throughout multiple scales and modules, the Stellar Development Foundation has then became more secure and stable! Their expert team also conducts various stimulations occasionally to ensure its security and ease.
Jed McCaleb has always been a technology genius and spent long waking hours working on how to improve the world with it. Before the Stellar Development Foundation was started back in 2014, Jed created eDonkey2000, which is the largest file sharing network in today’s time. He has also been the first in the world to exchange currency through Bitcoin and start Mt.Gox. In addition to that, back in 2011, Jed also started Ripple through his extensive commitment and passion to cryptocurrency. Amongst his other accomplishments, he is also an advisor to MIRI. It stands for Machine Intelligence Research Institute. This high-tech non-profit organization researches artificial intelligence and its many positive impacts it can have in our society. From working alongside MIRI, Jed predicts artificial intelligence will greatly increase within the next two decades. He also believes this great expansion will make life simpler for us and could potentially fix many issues we have in today’s generation.
As an entrepreneur, Jed McCaleb conducts numerous plans and strategies on how technology can be greater and more wide-spread. He studies the amount of actual risks and obstacles he may face and back-up systems that can ultimately be successful. Jed is rarely distracted and works very hard on his projects. He’s always focused and interested on how he can make the world a better place through technology!