Family Philanthropy: Benefitting the community and the family

Family Philanthropy: Benefitting the community and the family

There are two advantages to family philanthropy – the benefits that accrue to the community from the generosity of wealthy families and the value that accrues to the families themselves. No one would dispute that our hospitals, galleries, and social service programs could not provide the services that the public demands without significant donations from wealthy individuals and families. However, these organizations are not the only ones that benefit from the generosity of these donors. The...
Philanthropy and Giving Back – Your Giving Strategy

Philanthropy and Giving Back – Your Giving Strategy

Your charitable giving may include cash donations made in response to a specific request, a donation of your time or ongoing financial support through a pre-authorized donation plan. However, if you’d like to be more strategic with your gifting, consider incorporating charitable giving into your wealth management plan. A formalized giving strategy can be much more fulfilling, provides an opportunity to leave a legacy and offers some very attractive tax incentives. While there are rules...
Managing an unexpected absence from your business

Managing an unexpected absence from your business

This is the story of how I have been fighting cancer in the past year, while being the owner-operator of a small business. I hope it brings you a sense of calm if you, too, are faced with circumstances beyond your control. Or ideas for how you might prepare yourself in the event that you, too, are sidelined. My business is in marketing research and brand consulting. We are a team of five researchers, including myself, plus my husband as CFO. We’ve been in business for 22 years, starting off as...