From talking with professional tax and legal advisors, there seems to be a plethora of well- informed and knowledgeable advisors who advocate “cart before the horse” philanthropy to their clients. Such philanthropic advice comes in several varieties, and most often begins with “How.” Perhaps the advisor asks, “How much do you want to save in taxes?” or “How would you like to avoid capital gains on your sale of appreciated securities?” or “How much do you want to leave to your favorite charity?” Yes, in the right context, these questions are certainly valid, but when asked in regard to philanthropic matters, they tend to place the “cart before the horse.” For an advisor to engage a client in meaningful dialogue [...]
Americans are the most generous people on the face of the earth; in fact more people donate than vote. And of this group, the most generous are women, credited by The Economist magazine as “the most powerful engine of global growth.” Click here to read how women are changing the world and visit www.nonprofitcommunity.com for more conversations and resources to build a better world.
February is National Heart Health Month and the Division of Health and Human Services has a national agenda called Million Hearts™ to prevent a million heart attacks and strokes in the U.S. over the next five years. They want to empower more people to reduce sodium and trans fat intake. Needless to say, this is great news for the physical part of our heart. But what are we doing to enhance the benevolent spirit in our heart? In today’s tumultuous world, what good is a healthy physical heart if the world we live in is ugly, mean-spirited and sick? In our book, Women, Wealth and Giving: The Virtuous Legacy of the Boom Generation, my co-author Niki Nicastro McCuistion and I write [...]
The stories of our virtuous philanthropists share a common thread, a bond that weaves their lives together even though they may not know each other. The bond is echoed by the late Dame Anita Roddick, founder of the Body Shop. When asked to comment on her decision to sell $150 million of the company's stock and give the proceeds to charity, she said, "They thought that eccentric of me. But you can't take it with you and you're a long time dead." Dame Roddick died in 2007, at the age of 64, from a cerebral hemorrhage, after a long battle with hepatitis C from a blood transfusion, which had gone undiagnosed for several years. She fulfilled her promise to leave [...]