We are not alike, you and I. And that is a good thing.
For starters, I’m “hair challenged”, and you might value long, golden locks. But even if you were fine with baldness, we all know it’s more than mere physical appearances that distinguish us from one another.
But in our collective generosity, we find a commonality despite our differences.…read more »
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 »
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 …read more »
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 …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 »
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 …read more »
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 …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 »