It’s hard to escape the Black Friday and Cyber Monday frenzy that comes along with the U.S. Thanksgiving holiday. But amidst all that hubbub, let’s not forget about “Giving Tuesday,” the name given to the first Tuesday following the holiday weekend, which falls on Dec. 3 this year.

The day was conceived in 2012 as an initiative of New York’s 92nd Street Y to counter-balance the shopping mania and to perhaps redirect some of those funds to charitable giving. The day has taken off on both sides of the border, with many of us being inundated with special appeals from various charities to make a donation this Tuesday. Over the past seven years, it has grown into a global movement that “inspires hundreds of millions of people to give, collaborate, and celebrate generosity,” according to the organization’s website.

With Giving Tuesday coming up, coupled with the Dec. 31 deadline to get a charitable donation receipt for 2019, let’s review the true, after-tax cost of making a charitable gift, along with some lesser-known giving strategies.

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