Do you know how a donor advised fund works? Not many people do, though they’ve been around since 1914.
If Jesus Were Your Financial Advisor…
In a meeting with your financial advisor, you might cover portfolio diversity, risk tolerance, etc. But what would Jesus the financial advisor tell you?
Pondering Legacy: My Neighbor’s Final Years
Have you ever wondered about the legacy of your neighbor? I watched one of my neighbors live out his final years down the street from us.
Wealthy American Presidents and Net Worth
Have you ever wondered how wealthy American presidents have been through our nation’s history? And can you name the last U.S. president with a net worth of less than $1 million? It certainly wasn’t any recent former presidents: Barack Obama? No, his net worth is an estimated $12 million. Bill Clinton? No, his net worth was even higher at $38 …
How Chasing Power and Position Destroys Legacy
Legacy is not the sole domain of the powerful or influential—it’s for everyone. But a controlling desire for power and position can destroy legacy.
Jesus and Wealth—What Did He Think?
Considering the poverty Jesus experienced at points in his life, you might think he’d be pretty negative about wealth. What did he actually think?
What Happened to the Giving Pledge?
The Giving Pledge. Bill Gates and Warren Buffett made it famous ten years ago. Many people thought the pledge would inspire a rise in charitable giving. Did it?
Would You Give Away All Your Profits?
Giving is something that most people do after they’ve made money. But to give away all your profits from a business you’ve created—who does that? More than you might think actually. You likely have heard of Newman’s Own, a multi-million dollar food group that gives away 100% of its profits. In fact, Newman’s Own led the years of efforts for …
Giving Dropped by $7 billion in 2018 Among Major Donors
In 2018, major donors on the Chronicle of Philanthropy Top 50 listed gave $7.8 billion. That represents a marked decline from the $14.7 billion that the Top 50 gave in 2017. Among the gifts: Jeff and MacKenzie Bezos gave $2 billion (two months before announcing their divorce). Michael Bloomberg gave $767 million for the arts, education, etc. Pierre and Pam …
Family Offices Continue to Grow
Family offices are increasing in number and in influence, with a rapid increase in assets. Ernst and Young estimated in its 2016 Family Office Guide that there are over 10,000 single family offices around the globe. At least half of them have been set up in the past 15 years. Around 2,350 family offices around the globe have at least …