Defining the Terms of Purpose-Built Philanthropy

As high-net-worth investors discuss plans for charitable giving and investing with their financial advisors, it is absolutely crucial for them to be on the same page in terms of the outcomes desired, both financially and philanthropically. For this reason, advisors and their clients need a set vocabulary of terms going into the first meeting. Only then can they discuss goals (and ways of achieving them) without stumbling over communication roadblocks. Having a glossary of terms on purpose-driven philanthropy can go a long way in facilitating that conversation and help investors maximize their philanthropic impact and returns.