Advisor’s Philanthropic Insights: Don’t wait! Unlock giving opportunities
Welcome to the Advisor’s Philanthropic Insights by Ren, a monthly newsletter made for advisors who incorporate charitable giving into their wealth management practice.
Avoid the rush: Optimize your clients’ giving
Start planning for charitable giving now with your clients instead of waiting for the year-end deadline. Bringing it up now means you can take the time to explore more giving options that may be more beneficial and impactful. Discover how to make the most of your clients’ giving before the year-end rush.
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Is social impact investing something you'd like to learn more about? If you want to know more about this or other topics, let us know.
Advisor resources
Join our charitable planning expert, Maggie Sangalang, on Tuesday, July 25th at 1 pm (ET) for this CE-accredited presentation where she will dive into how you can help your clients utilize valuable retirement assets to help achieve their charitable giving goals.?Register now
Donor-advised funds continue to be the fastest-growing choice of charitable giving vehicles and Kevin McGrath shares everything advisors need to know to make sure you make the most of them for your clients. Here’s what you need to know about DAFs.
Puzzle section
Staying on theme with our featured article, we’ll give you three facts about year-end giving. Two of them are true, and one is false. Can you guess which one is fake?
1.?????In 2022, Giving Tuesday raised $3.1 billion of critical support for communities and causes donated in just 24 hours during the annual global event.
2.????When HNW and UHNW were asked about their motivations for giving, tax planning ranked top on their list.
3.????A 2021 donor trends report stated that, on average, December giving accounts for roughly a fifth of annual nonprofit revenue.
See the bottom of this newsletter to see which one we made up.
领英推荐
New speakers announced for the DAF Giving Summit!
Registration is now open! Don’t miss the event that’s bringing charitable giving into the modern era through the sharing of best practices, the showcasing of new technologies, and more. Plus, you can earn the DAF Specialist certification – available exclusively to DAF Giving Summit attendees.
The DAF Giving Summit already has an impressive lineup of speakers. Learn from thought leaders in wealth management and charitable giving and discover the latest innovations and developments in the industry.
Charitable giving is our specialty
Your clients have philanthropic goals, and Ren gives you the resources to make sure you help them reach those goals.
Contact our experts if you want to learn more about charitable giving. And get all the information and tools you need about philanthropic giving by visiting our website.
Puzzle answer
We made up the second fact, that tax planning is a top giving motivator for HNW and UHNW. According to studies, tax planning ranked eighth on their list. Here’s the full list in order of importance to this group of donors:
Personal satisfaction, special cause, impact, giving back, legacy, community-related, religious conviction, and lastly, tax planning. Here’s more on the topic.
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Data source: Recent Trends in HNW Giving, AssetMark, Inc., 2022, November 18