The amount you give all depends on several variables.
And so forth.
It's usually a good idea to give anonymously, especially if you believe that there will be peer pressure for you to give according to 'what everyone else gives'.
Whatever you give is best given from your heart.
You should evaluate your financial circumstances and give accordingly. There is no set amount to give to a memorial fund; you can give as little or as much as you wish. Note: Donations to non-profits given from Jan 1 to Dec 31st are tax deductible in the following year.Some ideas to "memorialize" a deceased person include (in no particular order):Buy a book through the library "In the name of....". The library will glue a memorial paper to the inside first page or front cover. Cost: Between $18.00 and 50.00 or more depending on the book.Give to a "cause" that the person valued.Give to a "cause" that you value, in the deceased person's name.Support a local charity.Establish a scholarship fund.Donate to the hospital's "Foundation" fundDonate to the person's church
After Princess Diana's death the 'Diana Memorial Fund' was granted intellectual property and sued the Franklin Mint (they had much of her jewelry, dolls, etc.) and because they refused to produce Princess Diana's merchandise the Memorial Fund sued them, but lost the case held in California and the case was settled in 2004 with the fund agreeing to out-of-court settlement which was donated to mutually agreed charitable causes. Today, after this lawsuit, two California companies continue to sell Diana memorabilia without the need for any permission from Diana's estate: the Franklin Mint and Princess Ring LLC.
Yes, a mutual fund is a valuable tool for novice investors because they do not have much experience in stock market investments and they don't know when to buy or sell shares. But mutual funds are managed by experienced fund managers so they can do the best with your investment and give you very good returns.
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