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 [...]
Women are the greatest economy on earth. Philanthropy offers women a platform for their abundance for two specific reasons: 1) The political and corporate sectors have yet to fully recognize the extraordinary value feminine strengths of caring, collaboration, connecting, and consensus building bring to our dysfunctional society. 2) Women’s attitudes regarding the accumulation and use of money are different from those of men. For men, the accumulation of money is the goal – it defines status and power. For women the accumulation of money is a means to an end – it gives women the freedom and the ability to impact society and support the causes that make their hearts sing. Yet, I believe, women’s full potential for abundant philanthropic [...]
“You have your reasons.” It’s the distinctive tagline on a multitude of colorful banners heralding the many consumer delights found at City Place - West Palm Beach, Florida’s popular tourist attraction and shopping center. Conspicuous consumption is the flavor of the day at the plaza. And surely every visitor has a reason (or reasons) for parting with their money, which “makes the world go ‘round.” Like many who work in the downtown area, I frequent City Place for lunch or an after work social hour with friends. This month we were getting together to celebrate Women’s History Month, the theme being “Women’s Education, Women’s Empowerment.” In 1987, a congressional resolution was passed designating March as Women’s History Month. Not being [...]
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.
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 [...]