What is the bulwark against future generations doing things with your money you’d despise?
Integrity and planning.
We often talk of the importance of donor intent in this space. Ensuring the preservation of liberty minded donors is, after all, central to our founding story.
Protecting that intent is a two-way street. Actually, that’s not quite right. It’s a bit …read more »
At DonorsTrust, one of the scariest things we see is when a donor fails to set guidelines around their giving, leading to a steady drift away from the donor’s principles after their death. Let’s celebrate Halloween – and, appropriately, All Saints Day – with a guest post highlighting some terrifying betrayals of donor intent.
Anyone who’s given a ten-year-old …read more »
Is the influence of conservative philanthropists overblown (particularly among right-leaning policy-focused foundations)? Howard Husock, senior fellow at the Manhattan Institute, suggests that the narrative of conservative foundations being bigger and more numerous than those on the left doesn’t stand up to scrutiny.
Husock notes in a piece in the April issue of Chronicle of Philanthropy (“Conservative Foundations’ ‘Win …read more »
Each month, an expert from the liberty movement shares thoughts on how we might be more strategic in our charitable giving. This month, Ingrid A. Gregg, who led the recent sunsetting of the Earhart Foundation, discusses how we can reduce the uncertainty in charitable giving through sunset plans that help donors secure their charitable intentions for the future.
The apocryphal …read more »
What will the next generation do with your wealth? Nearly 80% of wealth-creators believe their heirs will blow it.
Money magazine reports on several studies that show “70% of wealthy families lose their wealth by the second generation, and a stunning 90% by the third.” Further, 78% of high-net-worth individuals believe “the next generation is not financially responsible enough to …read more »
Many donors have a sense, even if just in their gut, of the causes and specific charities they want their philanthropic dollars to fund. All of that is meaningless, though, if they can’t be confident that those wishes will be carried out.
An article in today’s Wall Street Journal highlights the difficulties of carrying out donor intent. In “Staying …read more »
Martin Morse Wooster’s new post on Philanthropy Daily, “The hidden dangers of donor intent,” looks back at decades of addressing the issue of donor intent to assess whether the topic is still relevant. He finds that it is, and in doing so turns the issue on its head to better understand its importance.
Now at first glance you might …read more »