Coherent Philanthropy: Six lessons for families

Philanthropy is “coherent” when it is logical, well-organized, well-planned and sensible – as well as easy to understand and articulate. Over the years, I have helped dozens of families, foundations, businesses and family offices achieve coherence in their philanthropy. In the realm of family philanthropy, here are six key lessons. (In a future column, I will…

Upfront Philanthropy: The leading questions for the wealth strategy team

At The DeBoskey Group, we often talk about the philanthropic strategist’s role in family planning as a partner in a group of advisors that address the various components of wealth planning and strategy. The wealth management and investment advisors will be the experts helping to determine what proportion of a client’s assets can be positioned for…

New study outlines unprecedented financial risk to many nonprofits

Across the United States, more than 1.5 million nonprofit organizations engage in remarkable work to transform lives, communities and the planet. Unfortunately, these organizations currently face a wide range of growing pressures. Consider these facts: In 2013, nonprofit organizations employed more than 10.6 percent of the workforce (14.4 million). More individuals are employed by nonprofits…

Emerging Philanthropists: Laying a Strong Foundation

For emerging philanthropists, I like to recommend a layering approach to defining and strengthening philanthropy: Establish a Connection – Philanthropy tends to be rooted in a deep emotional or philosophical connection to an issue or cause.  Maybe that connection has already been established through lived personal experiences or those of family and friends. Connections, however,…

Six trends to affect philanthropic landscape in 2018

When it comes to the world of philanthropy, 2018 promises to be transformational. Pessimists are concerned about the impact of new federal tax laws, the increase in income inequality, and the growing need for critical social services. Optimists see more reason for hope, believing that we have entered the “golden age of giving.” Watch for…

Moving the Needle

The phrase “moving the needle” gets a lot of play in philanthropy.  As well it should.  In my previous blog, “So What,” I observed that it is important to have a thoughtful reason for philanthropy that is designed to produce outcomes and is able to answer the question: “So what difference are we making?” Outcomes…

Next-generation donors will revolutionize philanthropy

We are currently engaged in the largest wealth transfer in history. Over 50 years, between 2007 and 2061, an estimated $59 trillion will pass from older to younger generations. In addition, many wealthy millennials, like Mark Zuckerberg and his peers, are generating their own substantial wealth. It is expected that up to half of this…