As women in the Baby Boomer generation begin to retire, women in the Gen X and millennial generations are assuming well-deserved and hard-earned leadership positions in the business, government and nonprofit sectors. This transition is impacting philanthropy in significant ways. Baby Boomers were born between 1946 and 1964, and range in age from 71 to…
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Bruce DeBoskey is an award winning, nationally-syndicated author of columns and articles in newspapers and magazines such as The Denver Post, The Miami Herald, the Chicago Tribune, the Minneapolis Star-Tribune, the Albuquerque Journal, the Sacramento Bee, the Kansas City Star, the Lexington Herald-Leader, the Charlotte Observer, the Fort-Worth Star-Telegram, the Costco Connection, Boston College's Corporate Citizen Magazine, The Denver Foundation's Give Magazine, the Boulder Jewish News, Investments & Wealth Monitor, Company Week and many more. Bruce's columns are distributed by the Chicago Tribune News Service to over 600 newspapers and other news outlets across the U.S. and abroad.
Changes to federal policies could drastically affect philanthropists, nonprofits
Ever since the United States was founded, charitable support of nonprofit organizations has been a fundamental part of its social fabric. Every day, nonprofits touch millions of Americans’ lives. They provide for essential human services, advocate for core democratic values and support people, animals, arts and the environment. Plus, nonprofits account for 11.4 million jobs…
Focused mission statements help donors decide where to direct their money
When setting up a giving plan, most individuals, families and businesses begin with two basic questions: “Where do we start?” and “To which organizations should we give?” The answers to these two questions are essential to any strategic giving program — providing the framework for every subsequent decision a donor will make. Donors of all…
Risk, philanthropy go hand-in-hand
Risk is the likelihood of an undesirable outcome. Every action includes an element of risk. Philanthropy is no exception to this rule. In fact, charitable donations — because they seek to solve seemingly intractable problems — are often referred to as society’s ultimate “risk capital.” Risk and return analyses are important considerations when making any…
Tax Form 990: A treasure trove of information for strategic philanthropy
To achieve their goals, philanthropic families and businesses seek to partner with nonprofits that can demonstrate operational sustainability and effectiveness over the long term. For those making this decision, IRS tax form 990 contains a treasure trove of available information. Many otherwise-savvy donors fail to take advantage of this useful tool. Each year, tax-exempt organizations…
So What?
My first boss famously asked his analysts the same question in meetings. The question was, ‘So, what?’ That one simple question forced us to go a level deeper to understand and articulate our rationale for the action we were proposing. ‘So, what?’ can take many forms such as ‘For what purpose?’ or ‘To what end?’…
Seven trends in philanthropy to expect in 2017
2016 was a great year for philanthropy. It included record levels of giving and impact investing and more strategic approaches to charitable efforts. 2017 will likely launch its own unique trends. I’ll be watching for these highlights: Reduced tax incentives for giving Many knowledgeable observers predict that Congress will reduce income tax rates for the…
Philanthropy supports democracy, democracy supports us all
Results of the recent election season have spotlighted the tremendous divisiveness in our nation – divisiveness that colors our approach to our country, our government and each other. As this year comes to a close, I want to remind readers — of every political point of view — about the critical role that philanthropy can…
New research shows many donors are impact investors engaging rising generation
Important information about trends in individual and family philanthropy is revealed by two recent studies. These findings help us understand the nature of philanthropy in the U.S. They are pertinent to philanthropists and nonprofit organizations alike. The 2016 U.S. Trust Study of High Net Worth Philanthropy is a survey of 1,435 U.S. households with a…
The giving pledge for the rest of us
Since its creation in 2010, the Giving Pledge has been signed by 154 billionaires — ages 30 to 100, from 16 different countries, with combined wealth of nearly $800 billion — a sum greater than the GDP of most countries. These individuals have generously promised to donate at least $400 billion of their money to…