Philanthropy

The Holidays are a time of tradition and giving. For 15 consecutive years, we have offered to make contributions to charities in honor of our clients instead of sending gift baskets during the Holiday Season.

The Consolidated Appropriations Act of 2016 includes an important provision for charitably-inclined IRA owners. The legislation that passed as 2015 drew to a close makes permanent the Qualified Charitable Distributions (QCDs) from individual retirement accounts.

The 2014 U.S. Trust^® Study of High Net Worth Philanthropy found that philanthropic giving by households with at least $5 million in assets rose by an astounding 43% over the two-year period ending in 2013, with average donation amounts reaching $166,602.

Summer’s around the corner and for many families that means vacation time.

If you’re considering creating a private foundation for your philanthropic efforts a donor-advised fund might be a better choice. A donor-advised fund (DAF) is an account established at a sponsoring charity. You make irrevocable contributions of cash securities or other assets to the DAF and receive an immediate tax deduction.

According to the recently published annual report from the Giving USA Foundation and the Indiana University Lilly Family School of Philanthropy individual charitable giving in the United States grew almost 4% last year while corporate donations increased at triple that

A recent article in the Washington Post “Children’s Charity Victim of Ponzi Scheme” caught my eye.

In an investment environment that’s seen endowment assets drop and administrative costs climb many families nationwide are eschewing the cache of small foundations for donor-advised funds. Why? Lower administrative costs and flexibility mean that more money goes to their charitable causes.