Philanthropic giving is currently on the rise in the United States currently accounting for 2% of Gross Domestic Product (GDP). People often want to give back to society, but it is not always easy to know where to begin when it comes to setting up a philanthropic plan. There are a wide ranging number of choices people have when it comes to charitable giving. People need to use caution and be strategic about what the best plan is for their own unique financial circumstances. This column provides a step-by-step process that people should consider when coming up with a strategic plan for philanthropic giving. It is extremely important for clients to be informed about the different options and fully aware of the goals that they are trying to accomplish.
See John Tennaro, Strategic Philanthropy: A Higher Quality of Giving, Atlantic Trust Blog, October 7, 2015.
Special thanks to Jim Hillhouse for bringing this article to my attention.
