Our team always keeps an eye on trends, research, and legislative developments related to charitable planning. Here are three recent articles we think are especially relevant for those serving charitable clients.
Charitable planning beats AI?
In the article “Why Charitable Efforts Are the Advisor’s Edge in an AI-Driven World” appearing in Financial Advisor Magazine, the author suggests that charitable planning may become an increasingly significant way for advisors to differentiate themselves from artificial intelligence automates as more traditional planning and investment functions. The article argues that conversations about philanthropy, legacy, and personal values create opportunities for advisors to build deeper client relationships in ways that technology cannot easily replicate.
Donor-advised funds continue to grow. . .
In Financial Advisor Magazine‘s article “Making Sense of the DAF Surge: Five Things Financial Advisors Should Know,” the author takes a look at the continued growth of donor-advised funds and the factors driving their popularity. Among the key takeaways are that donor-advised funds simplify charitable giving, allow donors to separate the timing of tax deductions from grantmaking decisions, and facilitate gifts of appreciated assets. The article also notes that many clients increasingly expect charitable planning to be integrated into broader wealth management conversations, making familiarity with donor-advised fund strategies an important competency for advisors.
. . .and that is good news for charities.
The article “DAF Fundraising Report: Nonprofit Takeaways” on Candid’s website highlights findings showing that donor-advised fund donors are often highly engaged philanthropists who give repeatedly and frequently make larger charitable gifts over time. This article is useful to advisors because it connects the dots among donors, donor-advised funds, and nonprofit organizations.
What’s the takeaway?
Our staff can provide a wide range of solutions for your clients’ charitable giving needs, including donor-advised funds. We are here to support you as you serve your clients. Please reach out anytime.
The Winona Community Foundation offers a range of charitable options and funds for individuals, families, businesses, and nonprofits to accomplish their philanthropic goals. As your trusted partner, resource, and steward for community philanthropy, the Winona Community Foundation is committed to helping every individual give back in a way that is both meaningful to them and the causes they care about. Contact us to learn more.
