Support Racial Justice With These Charities

We know many are interested in donating to causes that support justice and equality under our law, socially, and economically, and we’ve provided a list of some charities that are actively supporting contemporary needs.

Given our offices are in San Rafael, San Francisco, and Mill Valley in Northern California, in Omaha and Lincoln in Nebraska, and in the Denver metro area in Centennial Colorado, much of the charities below focus on causes local to these regions, but several national charities are listed as well. We welcome suggestions to the list as well.

Inclusive Communities
This Omaha, NE organization has a clear mission: confronting prejudice, bigotry, and discrimination in our communities. Formed in 1938, perhaps making it the most tenured charity in this list, it began to fight vicious bigotry towards blacks, Catholics, Jews, and immigrants, and today directs its efforts to community and workplace programming towards helping create inclusive communities.
Donate Here

Showing Up for Racial Justice (Marin)
This Marin County, CA organization encourages everyone to join the “multiracial movement for racial justice”, and works with local Black, Indigenous, and People of Color (BIPOC) organizations and community leaders towards this goal. Much of their resources are dedicated to the Marin City Health & Wellness Center, which supports African American health equity, and the Multicultural Center of Marin in San Rafael, which works with underserved communities in Marin to advance their social, cultural, and economic well-being.
Donate Here

Color of Change
Color of Change is an Oakland, CA-based charity that challenges injustice and systems of inequality, and seeks to advance solutions towards racial justice and equality via public awareness efforts.
Donate Here

Supporting Economic Justice & Security

Cypress Mandela Training Center, Inc.
The Cypress Mandela Training Center is a San Francisco Bay Area (Oakland, CA) charity improving the lives of individuals and families, primarily by providing economic security via pre-apprentice construction and life skills training, in addition to other employment assistance.
Donate Here

National Charities

Equal Justice Initiative
The EJI works to end racial inequality, excessive punishment, and mass incarceration, famously saying “the opposite of poverty is justice”.
Donate Here

Public Justice Center
The Public Justice Center seeks to “build a just society” by pursuing systemic change towards economic and racial equity, focusing on using legal tools to challenge poverty and racial inequity.
Donate Here

Lawyers’ Committee for Civil Rights Under Law
Nationally and with local committees in Denver, CO and San Francisco, CA, this charity supports voting rights, fair housing and community development, environmental health and justice, and educational opportunity, and fights against discrimination in these areas and more, and works with its large network of local lawyers towards the cause of civil rights.
Donate Here

Separately, on the topic of the logistics of giving, we’ve written in the past about charitable giving accounts, including the “Core Account” with Schwab Charitable, Fidelity Charitable’s “Giving Account”, or the “checkbook account” with the Omaha Community Foundation, which offers a less common no-fee product, and is therefore ideal for short-term giving (i.e., 1-3 years of funding, since the money is not earning investment returns either). The Omaha Community Foundation product is available nationally and still works with any charities you choose, just like the Schwab and Fidelity options.

Please note: Callahan Financial Planning, nor its staff, have any relationship, formally or otherwise, with any of the named charities. Additionally, while public research was utilized to inform this process, no endorsement is made as to the particular use of funds donated to any of the charities listed. If you have any feedback or suggestions relating to the charities listed, please send us a message.

Estate Planning, Trusts, & Probate in California

California Estate Planning, Trusts, and ProbateFor California residents, living trusts are a common estate planning tool. Due to high property values throughout the state, especially the San Francisco Bay Area, estate assets can easily reach millions of dollars. Trusts allow asset distributions to beneficiaries without going through the California probate process, avoiding additional costs and saving time when closing an estate.

Why Set Up a Living Trust?

In a living trust, as the person creating the trust (the grantor), you place your assets into a revocable trust. While you are alive, you are also the trustee and the beneficiary, and you control your assets. Because the trust is revocable, you can add or sell assets, change beneficiaries, etc. Upon your death, the trust becomes an irrevocable trust. The person(s) you named as your successor trustee(s) then assumes control and administers the assets for the beneficiaries according to your instructions.

Revocable Trust Fiduciary Duty

The trustee(s) have a fiduciary duty to the beneficiaries. They must put the beneficiaries’ interests before their own at all times while following the mandates in the trust agreement. Many long-term or complicated trusts also name a trust protector, who advises, oversees, and can replace a trustee if necessary. This offers an additional layer of protection for the beneficiaries. Read the rest of this entry »

Callahan Financial Planning Opens Marin County Financial Advisory Practice in San Rafael, CA

San Rafael, CA – Callahan Financial Planning, a fiduciary financial planning and investment advisory company, has announced the opening of an office in San Rafael, CA following the acquisition of certain assets of the financial advisory firm Gary A. Dossick & Associates. The office is now located at 851 Irwin St Ste 201A, San Rafael, CA 94901.

Clients will be served by a team that includes three Certified Financial Planner™ (CFP®) practitioners, a Chartered Financial Analyst (CFA®) charterholder, an IRS Enrolled Agent, and supporting staff.

Callahan Financial Planning has seen significant growth since opening in 2010. The firm now manages $125 million in client assets, and anticipates opening additional locations in San Francisco and Mill Valley in California, and Denver, Colorado following this expansion.

From this San Rafael office, Callahan Financial Planning anticipates serving clients throughout Marin County, including residents of Mill Valley, Fairfax, Larkspur, Marin City, Corte Madera, San Anselmo, Marinwood, Novato, Sausalito, Tiburon, and Lagunitas-Forest Knolls.

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Nebraska 4797N – Special Capital Gains Election for Tax-Free Stock Sales

The Nebraska Special Capital Gains/Extraordinary Dividend Election, elected and claimed on Form 4797N, can provide a substantial tax break for employees who acquire company stock over their years of employment. This election allows employees who own stock in their employer, or former employer, to exclude that stock’s capital gains income from their Nebraska taxable income under certain circumstances.

Nebraska Special Capital Gains Election 4797N can save taxes on capital gains from employee stock

More and more employers are offering stock purchase plans and stock-based compensation to their employees.

  • Does your employer offer an employee stock purchase program?
  • Do you receive employee stock grants from your employer?
  • Do you own stock in and work for your own company?
  • Did you know that Nebraska offers tax breaks for these situations?

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How to Find the Best Financial Advisor Recommended for Your Situation

The financial advice field is a bit convoluted, but this guide can help.

Financial Advisor Fees/Costs

First, there’s how you pay for advice. All financial advice has a cost, but sometimes it’s explicit (e.g., you can see it), and sometimes it’s only implicit (e.g., it’s embedded inside a financial product, and what you’re paying is not easily visible).

Most financial advisors today describe themselves as fee-based advisors. Legally, this means they can (and generally do) perform their activities in two ways: they earn a commission on certain product sales, and a fee on certain investments. The title is a bit misleading in this way, but the moniker persists.

We think this creates a conflict of interest: it often causes (even if only subconsciously) the financial advisor to recommend things that pay them the best compensation over what is in the client’s best interest.

Because of this inherent conflict, a special sub-set of financial advisor was born: the fee-only financial advisor. We recommend anyone seeking financial advice only work with a fee-only advisor.

A national organization lists and ensures fee-only compliance for all of its members; it’s called the National Association of Personal Financial Advisors (NAPFA), and it has an online directory of all of its members. So, for example, you can search for a list of all the fee-only financial advisors in Omaha, NE or the San Francisco, CA Bay Area (cities where we have offices).

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Understanding Medicare in Retirement

According to AARP, couples age 65 who retired in 2017 were estimated to pay $275,000 for health care over the course of their retirement. This is a 6% increase over 2016’s projections, and over a 70% increase since annual research began in 2002. The majority of retirees will enroll in Medicare to help cover medical costs during retirement. However, there are several things you need to know about how Medicare works, and how to enroll in order to avoid penalties. Read the rest of this entry »

Callahan Financial Planning Adopts CFA Institute Asset Manager Code of Professional Conduct

CFA Institute Asset Manager Code

Callahan Financial Planning Company is proud to announce that the company has adopted the CFA Institute’s Asset Manager Code of Professional Conduct.

Callahan Financial Planning joins approximately 1,400 firms worldwide that have adopted this professional conduct code.

The Asset Manager Code of Professional Conduct outlines the ethical and professional responsibilities of companies that manage assets for clients. This code serves as a point of reference for investors, establishing clear policies on what investors can expect by working with a firm that has claimed compliance with the code. Read the rest of this entry »