The Philanthropic Path for Improving Lives

The Philanthropic Path for Improving Lives

There are many reasons I failed miserably as a child lemonade-stand entrepreneur. Chief among them was my 8 year old self’s inability to understand marginal utility, price theory, and advertising placement. Well, that and the fact it was a hot day, and I was so thirsty that I consumed my limited supply.

But I did get something right. I understood …

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Individual Retirement Accounts (IRAs) and Donor- Advised Funds

Individual Retirement Accounts (IRAs) and Donor- Advised Funds

Last week, Congress passed and the President signed a $622 billion “tax extenders” bill. One of this year’s biggest surprises was Congress’ willingness to permanently enact a number of tax breaks that, in previous years, were annually sunset for budgetary reasons.

Several now-permanent provisions relate to charitable giving. Perhaps the one receiving the most attention allows for qualified charitable distributions …

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Giving With Family: Using a Donor-Advised Fund to Engage the Next Generation

Giving With Family: Using a Donor-Advised Fund to Engage the Next Generation

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

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Benefits of DAFS: Privacy and being understood

Benefits of DAFS: Privacy and being understood

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 …

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Government “Philanthropy” vs. Private Giving

Government “Philanthropy” vs. Private Giving

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 …

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Benefits of DAFs: The Tax-Advantaged Way to Give

Benefits of DAFs: The Tax-Advantaged Way to Give

What if you could enjoy many of a private foundation’s benefits for how you manage your philanthropy, but with even better tax benefits? What if you could establish a single planned giving tool, but have it benefit multiple organizations – and then make changes without involving a lawyer?

While the ease-of-use and flexibility of donor-advised funds make using them very …

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Benefits of DAFs: An Easier Way to Give

Benefits of DAFs: An Easier Way to Give

Charitable giving is meant to be a pleasure, not a slog. Writing a few checks a year to your favored groups isn’t difficult to manage. Yet, as the number of organizations you support increases, when bigger gifts require due diligence, or when your own desire to be more strategic with your charitable portfolio increases, “checkbook giving” becomes a burden.

Some …

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Know the Basics of Donor-Advised Funds

Know the Basics of Donor-Advised Funds

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 …

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