Philanthropy can be a powerful way for families to deepen relationships across generations, develop a shared mission, and increase their impact on the world. It is also a powerful way for advisors to deepen relationships with clients, prospects and their families by being an important resource to help them maximize their charitable contribution deductions and reach their charitable goals.
It is essential that advisors proactively talk with their clients to determine if a DAF would be appropriate, how much and which assets should be donated, and which DAF sponsor would be ideal since on their own, the clients may select the wrong one.
The Western Pennsylvania of my youth was a magical place, with bucolic parklands and architectural gems like Frank Lloyd Wright’s Fallingwater. The decline of the steel industry over subsequent decades has left this beautiful countryside scarred with abandoned mills and rife with the toxins and refuse of a dying industry. This experience informs my perspective when I think about how to tackle the problem of funding the estimated $2.5 trillion gap in annual global infrastructure needs: How can future development avoid the mistakes of the past?
The complexion of the market changed in the first quarter as volatility spiked. Now is the time for investors to be very clear about what they get in return for committing capital to risky investments.
Read the latest Evensky & Katz / Foldes Newsletter by Harold Evensky.
Why strong markets, possible tax reform, and disaster relief and recovery may trigger the biggest giving year in U.S. history
Giving Day, the Tuesday after Thanksgiving, is fast approaching and with it the year-end charitable-giving season kicks off in earnest. In light of that, here is the response to one of the most common refrains we hear as we work with clients to structure their giving programs: “How can I ensure that my gifts truly make an impact?”
The types of clients who have established or who would be excellent candidates to create donor-advised funds include the following.
Discussing charitable giving with clients can deepen your client relationships and help you grow your practice. A 2016 survey by U.S. Trust found that nearly all high-net-worth donors (94%) are curious to know more about charitable giving.
In early September, strategists, economists and portfolio managers from Allianz Global Investors convened in New York for its semi-annual Investment Forum. Their goal? To explore the way forward for clients in a world where taking risk is necessary to earn a return, but where opportunities are getting harder to find.