When entrepreneurs look for someone to turn to for advice on philanthropy, financial advisors are low on the list, according to a recent survey by the Fidelity Charitable Gift Fund. The largest share 53 percent said they rely on themselves...
Most wealthy families say they won't change their chartible giving behaviors based on tax increases, but some advisors say it's still a good idea to write your check this year rather than next.
Bah, humbug. The latest study of charitable giving among America’s high-net-worth households shows a marked decline in generosity. The 2010 Bank of America Merrill Lynch report says that households averaged donations in 2009 of $54,000, down 34.9...
As advisors and their clients are waking up to potential tax rate increases in 2011 or 2012, they're reconsidering a number of tax deferral strategies. One strategy being reconsidered is the use of charitable remainder trusts (CRTs). For those...
As they say, an ounce of prevention is worth a pound of cure. For those charitably inclined, it will be more important than ever this season to understand that the choice of what to give and when to give it may determine how much they can afford...
We all have clients who feel they've fully provided for their descendants and loved ones financially, so their remaining estate-planning objectives are purely philanthropic. The end-of-life estate plans for those clients become very simple make a...
Bill and Melinda Gates do it. Bill Clinton does it. Bono does it. And thanks to the Internet, the Average Joe can do it. What is it, you ask? It's the new rage in philanthropy. And although it's called by many names including engaged philanthropy...
Recent world events have brought new attention to the need for effective cross-border philanthropy. Whether concerned with immediate response to disasters or long-term development needs, U.S.-based donors are moved to help. Their advisors are...
In business transactions, each party generally seeks to maximize his advantage. But for charitable gifts, typically the donor and the charity have the same goal to best further the charity's mission. Nevertheless, donors want their directions for...
