Philanthropic Insights
For clients who may sell a business, the time to think charitably is right now
Business brokers may tell you that many owners fail to optimize—and sometimes even compromise—the value of their business’s proceeds by rushing the process, hastily determining an asking price or not fully assessing the value of their business to a potential buyer. In their haste, owners often miss strategies that can…
Keep your eye on clients’ appreciated stock
In August 2022, markets were down 12% for the year, and inflation was up 8.3% year-over-year. Annual charitable giving was on its way to a rare (fourth time in 40 years) year-over year decline of some 4% according to Giving USA. This was due in part to donors not wanting…
Helping your clients get organized: Structure is a critical step in multi-generational philanthropy
Instilling philanthropic values in children and grandchildren may sound simple, but where do you begin? More and more, wealth advisors are being asked by their clients to weigh in on strategies for fostering a family’s financial values, which frequently include charitable giving traditions. An important first step in creating any…
Legacy giving: A conversation that’s full of opportunity
Did you know that August is National Make-A-Will Month? Charitable giving is an important part of any estate planning conversation. Bold estate plans are frequently in the news because of the high-profile people who establish them, but anyone can leave a legacy to support their favorite charitable causes, including your…