Plan well to avoid random acts of giving

Well-off individuals and families recognize the need to plan for their future security and their legacies — and often go to great lengths to do so. Usually, they work closely with experts who make up three legs of the planning table and help them achieve sophisticated tax-, financial- and estate-planning goals. Tax experts advise about…

Creating a “safe zone” with family philanthropy

When it comes to communicating around money and values, many families face a significant challenge. Some families never talk about these issues. Others talk about them — but with difficulty. Family philanthropy can be an important and safe area in which to commence a family conversation about money and values — creating new and effective…

Corporate giving hits $17.8B in the U.S.

When it comes to corporate giving, the news is encouraging. More U.S. companies are engaging in smart and strategic community investment initiatives — and seeing positive results from their efforts. The 2015 Community Involvement Study conducted by Boston College’s Center for Corporate Citizenship found that: Corporate community involvement contributes to key business goals — including…

Thanksgiving: Feast or “Famine?”

Soon, people across the United States will gather around the Thanksgiving table with family and friends to indulge in abundant, delicious food — and to give thanks for their many blessings and freedoms. Typically, we eat and drink to excess and enjoy leftovers that will last for days. Dinnertime conversation ranges from expressing gratitude for…

Finally busting the charity overhead myth

Over the past few years, philanthropic leaders have begun to successfully challenge the “overhead myth” — the belief that high administrative costs reflect a charitable organization that is poorly run and not worthy of support. The well-intentioned and generous family, corporate and foundation donors we regularly work with often recite versions of the overhead myth. They tell us,…

Philanthropy helps families avoid shirtsleeves-to-shirtsleeves challenge

When meeting with affluent family clients, advisers frequently invoke the warning: “shirtsleeves-to-shirtsleeves in three generations.” This popular quote strongly suggests that, without careful planning, a family’s wealth will be dissipated by the time it reaches the grandchildren of the wealthcreating generation. It is thought to derive from the old English proverb, “there’s nobbut three generations…

Five lessons in five years

Over the past five years, I have written 60 monthly “On Philanthropy” columns for Sunday’s Denver Post. These columns covered a broad range of topics related to individuals, families, businesses and foundations — and how they can approach their philanthropic initiatives with strategy, thoughtfulness and effectiveness. In my role as a philanthropic strategist, I’ve gained…

Talking with philanthropist Bill Clinton about the power of giving

Last week, the Clinton Foundation held its second CGI America conference in Denver. Led by former President Bill Clinton, the foundation is one of the most prominent in the world — and among the most controversial. In a wide array of direct initiatives, the Clinton Foundation brings together businesses, governments, nongovernmental organizations, or NGOs, and…

Program–Related Investments a key tool for impact investors

Increasingly, charitable donors are interested in “impact investing” with their philanthropically committed capital. They seek more creative ways to align their investments with their missions. Earlier this year, in “All investing is impact investing,” I discussed the growing recognition that grants and investments can generate both financial returns and social impact. In this column, I…