Philanthropic Insights
How “catch-up” contributions can boost clients’ giving
As you may know, there are tremendous benefits to both clients and charities when a client names a charity or their fund at Greater Cincinnati Foundation (GCF) as the beneficiary of an IRA or other qualified retirement plan. So, how can you help a client plan to maximize a bequest…
Bridging the gaps in multi-generational family philanthropy
According to figures cited in a May 2023 New York Times article (subscription required), total U.S. family wealth of $38 trillion in 1989 more than tripled to $140 trillion in 2022, with Baby Boomers and Generation X holding 90% of that. By 2045, older Americans will pass down a projected…
Gifts of cash or stock: Is it a toss up?
As your philanthropic clients can likely attest, the going has been rough for many of the nonprofits they support. Turbulent economic conditions, concerns about inflation and challenges in the banking sector are just a few of the factors that are causing donors to be more financially conservative and perhaps begin…
Retirement plans to charity: Understanding the “trifecta” of tax benefits
Over the last few months, many advisors have noticed an uptick in client inquiries about leaving their IRAs and other retirement plans to charity. If you’re wondering why, it likely has a lot to do with the buzz about Qualified Charitable Distributions (QCDs), which allow those who’ve reached the age…