Gifts

Element III: Family and Personal Finance

A gift is something of value that is offered of one's own free will and without the expectation of receiving anything in return. It is very different from investing and contributing both of which in some way have an expectation of some particular use or outcome or attached to them.

Giving on the other hand is money or property separate and apart from monies in the investment budget and the contributions budget. It is money or property which once given cannot be expected to be returned. You can make no claim either emotionally, or in returned favors, or otherwise to anything of value given as a gift. Otherwise it was never a gift in the first place.

When you are certain that you wish to give, do it skillfully as a craftsperson and be sure to take advantage of the tax and financial benefits allowed to you law.

But remember; "When you give do not let your left hand know what your right hand is doing."

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