In a time of increasing social and economic challenges, this guide offers both emerging and established donors a look at important questions and issues faced. Even the most seasoned philanthropists need to pause, reflect, and ensure that their giving strategies reflect the seismic shifts around the world. No matter your issue, no matter your method...
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Applying a broader parameter—one without a reference to age and with deference to each individual—the next generation philanthropists are people who see themselves as descendants rather than ancestors, who want to use their wealth to be of service to others. With the goal of inspiring next generation philanthropists to dream and consider new possib...
This guide reviews various ways to assess philanthropic impact. It looks at what assessment can accomplish and what it has difficulty measuring. It sets out a series of questions donors can ask as they consider how to proceed with their philanthropy. And finally, it details some of the limitations inherent in trying to understand exactly how donors...
Both new and experienced donors have become far more thoughtful about the time frame of their giving. And setting a use-by date for philanthropy has become a common consideration. Effective giving usually relies not just on how to decide to give, but for how long. All of which begs another question: How long should your family foundation or giving ...
It’s easy to say that a calm and long-term approach to market volatility is the best one—but it’s not always easy to take that approach. Now is a good time to reflect on steps to take to make sure your portfolio stays healthy. Some of these steps may be painful, since its instinctual to avoid what is perceived to be a dangerous si...
Will the municipal bond market survive unprecedented economic downturn amid a growing pandemic? Find out why muni credit ratings aren’t indicative of long-term creditworthiness.
The current COVID-19 crisis is a true black swan event that has arrived with great velocity and far reaching consequences. In hindsight, risk managers and thought leaders have been warning of the potential effects of a global pandemic for years. Learn about the risks and strategies to prepare, respond, and adapt to a future Black S...
COVID-19, also known as the coronavirus, has caused unprecedented global disruption. Keeping your stakeholders informed with clear, consistent messaging is essential for risk mitigation, so be sure to use a crisis communication strategy.
On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act ("CARES Act") was signed into law. The CARES Act provides emergency assistance to individuals, families, and businesses affected by the COVID-19 pandemic. The CARES Act is divided into two divisions: Division A includes programs to benefit individuals, companies, an...
When developing a model coronavirus response plan, there are three areas family businesses and family offices should consider. In addition, it is important to have an FAQ communication for employees. A sample FAQ is provided, keeping in mind that each employer will have different answers to the questions asked based on its unique consider...
While today’s health, economic, and market concerns have created a challenging environment, there is a silver lining for wealth and estate planning opportunities. Compelling opportunities include gifting assets with depreciated value; using the low interest rate environment to your advantage through vehicles such as grantor retained annu...
Some advisors are clamoring for managers to harvest any and all available tax losses in their clients’ accounts. But harvesting all the losses in a portfolio creates risk—risk that can cost far more than the transaction will benefit the client.
Can the municipal bond market overcome a liquidity shortage triggered by the COVID-19 pandemic? Find out which sectors carry the most risk of leading to a credit crisis.
In this Part Four of the Setting Every Community Up for Retirement Enhancement Act (SECURE Act), we take a look at the use of qualified charitable distributions (OCDs) that impacts estate planning. For the full planning series, see also Part 1, Part 2, and Part 3.
As we learn to cope with the unprecedented changes to our daily lives imposed by the COVID-19 crisis, many are rethinking about the steps to take to confirm that their affairs are in order. Now is the time to perform an estate plan wellness check-up and learn about the opportunities to implement planning techniques geared toward economic downturns.