I’m sure you’ve heard the stories. People who’ve experienced great tragedy and lost everything. And then there are those who’ve experienced incredibly good fortune and seemingly gained it all. I had a friend who got caught in the 2008 real estate downturn. He was on his way to building an impressive nest egg. But problems with banks, investors and terms …
CCS Fundraising put together their 7th Edition Snapshot of Today’s Philanthropic Landscape. Here are eight key facts about charitable giving from the report: Good news/Bad news. While 2017 saw charitable giving rise to $410 billion dollars, that was with 56% of the U.S. population giving to charity. Can you imagine what the number would be if 70% gave to charity? …
I started the day with breakfast with my nephew-in-law. The bacon was crisp, but it was better to have some good conversation with family. We talked about the normal things of the day but things that mattered to him, and to me. I left there and made my way home. My three-year-old grandson was there for a visit. He shouted, …
What are the key differences between donor advised funds and private foundations? Today, there are 86,516 private foundations in the country containing $855.81 billion in assets and making $49 billion in grants. By comparison, there are five times as many donor advised funds—463,622 with $110 billion in assets and $19 billion in grants, according to the 2018 National Philanthropic Trust …
A 2016 WealthCounsel survey on estate planning offers some interesting insights on why Americans don’t complete their estate planning. Forty-three percent of Americans don’t have a will. Some of the reasons include the following: 25% of respondents didn’t want to talk about an estate plan because they didn’t want to talk or think about their own death; 29% say they aren’t wealthy enough to think …
Have you ever heard of cologne? Most people would say, “Sure!” But have you ever heard of the Farina family? Farina and cologne actually go together. In 1709, Giovania Maria Farina founded his company in Cologne, Germany. Their company’s creation: perfume. Their original perfume was called Eau de Cologne, and eventually the term became a household name. At the time, because of the lack of clean …
Have you heard of God’s architect? His name is Antoni Gaudi, a Spanish born architect who died in 1926. His faith influenced his architectural design. UNESCO has declared seven of his works World Heritage Sites, which lead to him being declared as God’s architect. Sagrada Familia, a cathedral, is his most famous work. It is the most visited monument in …
Fidelity Charitable is a commercial donor advised fund. Recently, they released their 2018 charitable giving report. The top 20 charities receiving grants from Fidelity include: American Red Cross Doctors without Borders The Salvation Army Planned Parenthood Jude Children’s Research Hospital Habitat for Humanity The United Way American Civil Liberties Union Southern Poverty Law Center The Nature Conservancy American Cancer Society …
Today, it’s known as Westport. It’s a place known for attracting a younger set complete with niche restaurants, bars and live music. But the current day aura cannot wipe out the legacy of John Calvin McCoy. He was the son of a Baptist missionary. His father, Isaac McCoy, helped established several missions to the Indians. His goal was to bring …
Legacy. It’s a word that holds value. But I’m afraid we’ve let the word take on meaning that doesn’t represent its true state. Here are three legacy myths we need to overcome: Legacy is for the rich. Historically when we think of legacy, we tend to think of it as the amount of money we’ll leave to heirs. Money is the …
