Category Archives: Philanthropy

BWM Holiday Tradition – 2017 Edition

The Holidays are a time of tradition and giving. For 15 consecutive years, we have offered to make contributions to charities in honor of our clients instead of sending gift baskets during the Holiday Season. The response from our clients has … Continue Reading

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Five Reasons to Make Philanthropy a Family Affair

Getting your family involved in charitable giving can create a powerful legacy. A growing number of successful people have a strong urge to “pay it forward” by financially supporting causes and organizations that are near and dear to their hearts. … Continue Reading

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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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