In all the talk about setting New Year’s resolutions, I’ve been surprised by one observation I’ve heard from several experts: we often make too many goals. By doing this, we fail to make progress with any of them. A better way is to dig deeper and strive to achieve success with a few select goals.
So let’s just make just …read more »
Are you involving the next generation in your charitable decision-making? A surprising result from the 2014 US Trust Study of High Net Worth Philanthropy suggests that many families are not working together to make giving decisions.
Fewer high net worth households report having family traditions around giving (41.3 percent) than those that do not have family traditions around giving (58.7
…read more »
Give the way you want to give. That should be the goal of any charitable tool. Frankly, it is why many people continue to simply give directly. Over time, though, as one’s giving expands, you may want a tool that will allow you to maintain the emphasis on giving.
We’ve previously discussed the flexibility that donor-advised funds offer to donors …read more »
Last week I made a call I didn’t want to make. A client sent a grant request for an organization that receives a significant portion of its revenue from government sources. I had to tell the client our Board likely would not approve the grant.
Since our founding, one of DonorsTrust’s guiding rules has prohibited grants to organizations receiving more …read more »
This morning’s Wealth Management section of the Wall Street Journal features a short-but-helpful look at the basics of donor-advised funds under the straightforward title of “Donor-Advised Funds: How Do They Work—And Are They Useful?”
The author, Tom Herman, notes a few different ways a donor might use a donor-advised account. One example is of someone who want to …read more »
Photo credit: National Review
Presidential candidate Carly Fiorina received flack this week because of reports that her “foundation” gave to Planned Parenthood, an organization to which she has been particularly antagonistic recently on the campaign trail.
In truth, Fiorina and her husband did not have a stand-alone private foundation at all. Rather, they were advisors on a donor-advised account they …read more »
Do Americans give solely for altruistic reasons? Maybe you’d like to say yes. However, people’s charitable decisions of where to give, how to give, and how much to give are influenced by numerous factors.
New research from the American Legislative Exchange Council shows that one of these many factors that affect people’s giving is taxes. In a new report, The …read more »
I always enjoy asking clients why they decided to do their charitable giving through DonorsTrust. These are financially savvy folks and they realize that other groups and institutions offer donor-advised funds. So why go with us instead of someone else?
The answer I keep hearing: Principles.
As one long-time client told me, if all donor-advised funds offer essentially the same …read more »