DO YOU HAVE A STRATEGY FOR YOUR CHARITABLE GIVING?

 

How reflecting on your charitable values and incorporating the right planning can help you make a more meaningful impact over time.

As a starting point, you or your family may want to spend some time thinking about and discussing values, causes or charitable organizations that resonate with you.

Creating a list of charities or areas of interest that are close to your heart, and articulating what impact you’re looking to have with your charitable dollars, may also help in determining the framework for your strategy.

Regardless of the amount being given (or granted from a foundation or donor-advised fund) annually, cumulatively in life or via one’s estate, if a more focused approach aligns with your charitable goals, it’s important to carefully consider your objectives, specifically and holistically. Think about how you’re currently giving, and how much in total you’re giving — and then measure that against the impact you’d ideally like to have.

With these elements in mind, it’s here that planning and implementing a giving strategy may help in creating a broader ultimate impact.