Philanthropy is the act of donating money, time, services, effort, and/or goods to a cause in order to promote the well-being of others while expecting nothing in return.
Posts Tagged ‘charity’
Philanthropy is…
Wednesday, June 10th, 2009A Charity is…
Wednesday, June 10th, 2009A charity is an organization created by an individual or group of individuals to provide support for a philanthropic cause. Charities can exist to support people (like the homeless), things (like the environment), and ideas (like democracy).
Philanthropists Tightening Belts To Get Most Bang For Their Buck
Saturday, April 25th, 2009The changing economy can affect which ways of giving are best for you…
- Increasingly donors are closing private/family foundations and choosing to take advantage of the many benefits of donor-advised funds.
- Advantages include an immediate and bigger tax deduction, lower administrative costs, more diversified giving options (including cash, stocks, and art), no annually required distribution amounts (foundations are required to give away at least 5% of their assets), and increased efficiency and privacy for the donor.
- Donor advised funds can be found both in large investment firms such as Fidelity and Schwab, as well as religious, university, and community foundations.
Facts & Figures
- There are more than 64,000 private foundations in the U.S.
- Americans give more than $300 billion annually to charity.
- In 2007 there were $27.7 billion in donor-advised funds – up from $7.5 billion eight years earlier.
Best Quote
“We all agreed that it was impractical to continue it.” – Charles Buchanan, heir to the stewardship of a corporate foundation