Nonprofit group encourages going big on donations
This holiday season, many people plan to give donations to their favorite charities: $20, $100, maybe even more - after all, the average level of giving in the U.S. is 2-3 percent of annual income. But some are giving away 50 to 90 percent of their entire income or net worth, with the help of an organization called Bolder Giving.
The idea behind Bolder: inspire people to build giving into their lives in a big way, and on a consistent basis. Many people need individual...
Next gen donors: what will they do differently?
This article was originally published in the December 2013 issue of Alliance magazine. The original article can be found at www.alliancemagazine.org/en/content/december-2013. For more information about subscribing to Alliance, please visit www.alliancemagazine.org/subscribe.
I've been a 'next gen' donor for 13 years, ever since I began getting involved in philanthropy after discovering as a graduate student that my family had a small foundation. Slowly...
Giving to charity is easy if, afterwards, you still have $67 billion in the bank. That's the current net worth of Bill Gates, co-founder of Microsoft, who's given away billions through his foundation. A few years ago, Gates and his friend, investor Warren Buffett, who's worth a mere $54 billion, started asking other really rich people to follow their lead and give more and more of their fortunes away. Now for the rest of us: The organization that Gates says inspired his giving pledge is ...
Amy Zehnder has seen giving on a huge scale. As a senior wealth dynamics coach in Denver for U.S. Bank's Ascent Private Capital Management, she helps ultra-wealthy people ($50 million or more in assets) manage and plan their charitable giving.
But when asked for an example of how charitable giving can change a family, she mentions what she observed in her family of friends. Her friends took their teenagers on a vacation to do charitable work with a group of kids in New...
Theodore Ingis makes donations to community organizations he wants to see thrive, but some of his largest donations will be made after his death.
Ingis and his wife are among about 800 people who have made legacy gifts to a variety of organizations through the Jewish Endowment Foundation. Some of those donors were honored Sunday night in an event that also unveiled the "Book of Life," a collection of donor stories.
"I want to give back to the community that has been good...
When Samantha Galsic needed $15,000 in four months to pay legal fees to gain full custody of her three-year-old daughter, she felt overwhelmed and angry.
"I didn't know how I was going to pull off coming up with an extra $15,000 here and there," Galsic said.
After making her first payment of $5,000 from savings, the registered nurse found that her income tripled and she was able to pay $5,000 the next month quite easily.
"I was ecstatic when I noticed that the more I...
TRYING to glean differences among the generations makes for an interesting parlor game. But this week, three reports by big financial institutions offered insights into how investors in their 40s and 20s - known as Generation X and Generation Y - think about their personal finances in the broadest way.
The reports by Fidelity, U.S. Trust and Pershing show how the younger generations want to set themselves apart from the baby boomers. The reports yielded tips from which any generation...
Since Rand Skolnick died from cancer in 2008, Terrence Meck has been using the funds his partner left to give away $1m a year, with half going to lesbian, gay, bisexual and transgender (LGBT) youth programmes and the rest to health initiatives.
For Meck, this honours the man he loved. However, his strategy also reflects a broader trend among gay philanthropists - their giving increasingly extends beyond LGBT causes.
For Meck, who makes grants through the Palette...
Peter Buffett's op-ed this summer in the New York Times pointed to the irony of the mega-wealthy cloaking themselves with the accoutrements of philanthropy and campaigning against social ills while wealth accumulation itself contributed to some of those very problems. Begging the question, is philanthropy tantamount to a PR campaign to keep the awful truth from oneself?
This controversial article was a gigantic wake-up call to the sometimes sleepy established philanthropic...
Modern methods of donating include biking, texting and shopping online
Thanks to mobile apps, donating via text message and fundraising websites, charities are more accessible than ever. These new forms of giving, coupled with a steady economic recovery, are energizing philanthropy among Americans.
Giving to nonprofits in the United States rose 6.7 percent in 2012, an increase of about $23 billion over 2011, according to the Atlas of Giving, an organization that measures charitable giving in the U.S. Most charities, however, remain largely...
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