This Giving Tuesday, let's take a moment to reflect on a significant trend in philanthropy. Adjusting for inflation, charitable giving in 2022 saw a decrease of 10.5%, primarily driven by a reduction in individual donations. This reduction impacts nonprofit organizations that rely on these contributions to make a difference in our communities. As you consider your end-of-year giving, remember there are many ways to give, and even the smallest donation can make an impact.
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For individuals with significant wealth, charitable donations offer a unique opportunity to create a lasting legacy. However, like any financial decision, it is crucial to approach philanthropy with careful consideration. Here are three key factors to ensure your donations are meaningful, effective, and strategically beneficial. By thoughtfully considering these factors, you can make a significant and lasting difference through your charitable giving. https://lnkd.in/e9GR-Cwa
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Many high net-worth individuals and families are stepping up and donating more to meet the growing needs of charities, but giving a transformational gift involves more than cutting a large cheque. Danielle Robinson, Director of Philanthropic Advisory Services at BMO Private Wealth, shares what you need to know about making a sizable donation. http://spr.ly/6001RHCVB #charitablegiving #taxplanning #wealthplanning #legacyplanning
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Did you know? 70% of high-net-worth individuals report that charitable giving is a core value for their family. Families can turn their values into action through strategic charitable giving. Our latest blog explores strategies to maximize impact with donations, leave a lasting legacy of generosity, and engage the next generation in philanthropy. https://lnkd.in/ewRk3hWd #philanthropy #familygiving #financialplanning
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As the year winds down, be sure to finalize your 2023 charitable donations. Here are 5 tips to help your dollars go further: https://bit.ly/3GKmLD6
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Did you know? 70% of high-net-worth individuals report that charitable giving is a core value for their family. Families can turn their values into action through strategic charitable giving. Our latest blog explores strategies to maximize impact with donations, leave a lasting legacy of generosity, and engage the next generation in philanthropy. https://lnkd.in/eD28GAUH #philanthropy #familygiving #financialplanning
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As the holiday season approaches, numerous individuals opt to contribute to charitable causes. Conducting thorough research and strategically planning your donations can guarantee that your contributions make a meaningful impact. Here are a few tips to guide your donation planning and steer clear of potential scams 🖥️
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Our most recent webinar, “Charitable Giving: Making a Lasting Impact Through Donations,” is now available. Watch Fort Pitt Financial Advisor Chris Chaney, CEPA, as he explains the benefits of charitable giving and shares tips to maximize your donations. To learn more and view the full webinar, click here: https://ow.ly/vMZX50Qfe8Z #FortPittWebinarSeries #CharitableGiving #FinancialPlanning
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"Regarding what charity to give to, give to organizations that meet the needs for which you have developed a life experience of empathy." Associate Professor of Finance at Biola University, Shane Enete, recently offered insight into how to start planning charitable donations, its benefits, and the steps needed to prepare for it in this article on MoneyGeek. Read here to learn more:
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The end of the year is truly the season for giving. And when you do some strategic planning, you and your recipient can reap the benefits of tax-deductible charitable donations. Want to learn more? Read about charitable giving on our blog here: https://hubs.ly/Q02bfXPC0
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There is a correlation between individuals who donate to charities, and those who go on to achieve high levels of wealth. So, it begs the questions as to 'whether you give because you can afford to?', or 'can you afford to give because you are charitable in nature?' To read more on Charitable Gifting in Exit Transactions, click the link below https://hubs.la/Q02sgQ830
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