Category: Businesses

Posted December 11, 2017 by Bruce DeBoskey

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… Read more »

Posted October 8, 2017 by Bruce DeBoskey

Around the globe, many remarkable organizations work to help people at the very bottom of the economic, justice and environmental pyramids. Each year, U.S. donors contribute billions of dollars to advance causes in other parts of the world – especially when these people and causes appear in the headlines. Philanthropist Warren Buffett sums it up… Read more »

Posted July 9, 2017 by Bruce DeBoskey

Seven years ago, I began working closely with families, businesses and foundations to help them achieve greater impact for themselves and their communities through philanthropy. Over that time, much has changed and I’ve gained practical experience and learned valuable lessons within this very special niche. The field of strategic philanthropy is more sophisticated and complex… Read more »

Posted May 16, 2017 by Bruce DeBoskey

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… Read more »

Posted April 10, 2017 by Bruce DeBoskey

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… Read more »

Posted March 12, 2017 by Bruce DeBoskey

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… Read more »

Posted February 21, 2017 by Bruce DeBoskey

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… Read more »

Posted January 9, 2017 by Bruce DeBoskey

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… Read more »