Category Archives: Philanthropy

Qualified Charitable Distributions: An Update

The Consolidated Appropriations Act of 2016 includes an important provision for charitably-inclined IRA owners. The legislation that passed as 2015 drew to a close makes permanent the Qualified Charitable Distributions (QCDs) from individual retirement accounts. In previous years, helping our … Continue Reading

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Trends in Philanthropy

The 2014 U.S. Trust® Study of High Net Worth Philanthropy found that philanthropic giving by households with at least $5 million in assets rose by an astounding 43% over the two-year period ending in 2013, with average donation amounts reaching … Continue Reading

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Try a Family Meeting on Your Summer Vacation

Summer’s around the corner and for many families that means vacation time. Particularly if your family is one of the five million the Travel Industry Association estimates enjoy vacations with three generations or the one third of summer travelers who attend … Continue Reading

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Donor-Advised Funds and Philanthropic Planning

If you’re considering creating a private foundation for your philanthropic efforts, a donor-advised fund might be a better choice. A donor-advised fund (DAF) is an account established at a sponsoring charity. You make irrevocable contributions of cash, securities, or other … Continue Reading

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Does Charitable Giving Correlate with Consumer Confidence?

According to the recently published annual report from the Giving USA Foundation and the Indiana University Lilly Family School of Philanthropy, individual charitable giving in the United States grew almost 4% last year, while corporate donations increased at triple that … Continue Reading

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BWM Cares 2011

The Holidays are a time of tradition and giving.  For nine consecutive years we offered to make contributions to charities in honor of our clients instead of sending gift baskets duing the Holiday Season. We are proud to have contributed … Continue Reading

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If It Sounds too Good to Be True, You Can Bet That It Is

A recent article in the Washington Post, “Children’s Charity Victim of Ponzi Scheme,” caught my eye. Looking to protect its endowment in 2008’s difficult market, the DC-based Hillcrest Children’s Center invested in what Garfield Taylor of Gibraltar Asset Management Group … Continue Reading

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Should Your Small Foundation Convert to a Donor-Advised Fund?

In an investment environment that’s seen endowment assets drop and administrative costs climb, many families nationwide are eschewing the cache of small foundations for donor-advised funds. Why? Lower administrative costs and flexibility mean that more money goes to their charitable … Continue Reading

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Qualified Charitable Distributions

Perhaps lost in all the posturing about what would become of the Bush tax cuts was a valuable extension for qualified charitable distributions. The 2010 Tax Relief Act extended the tax-free distributions from Individual Retirement Accounts (IRAs) for charitable purposes through … Continue Reading

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Giving’s on the Rise—and a Deadline Approaches for Foundations

Now’s the season for helping others who are less fortunate than you by giving your time, talents and resources to a worthy charitable cause. According to “The Nonprofit Fundraising Survey: November 2010,” compiled by the Association of Fundraising Professionals, Blackbaud, … Continue Reading

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