Family Philanthropy - Charitable Difference Between Generations
Different generations do things differently. This is not a surprise to those who have watched their parents, children, or grandchildren in action! Catch up on how generational differences flow through to charitable giving. In particular, note that the donor-advised fund is popular across generations, not just with Gen X and Baby Boomers. Plus, given the hands-on preferences of Millennials and Gen Z, the Hudson Community Foundation is uniquely situated to cater to these new philanthropists as they seek to make their own mark of positive impact on the world.
Have you ever heard a philanthropist say how hard it is to give money away? There is truth to that, especially, as this article notes, where grants from private foundations are concerned. This is yet another reason why individuals and families are turning to the Hudson Community Foundation to help them structure charitable giving vehicles and navigate the best ways to support the causes they love, including forgoing the private foundation altogether in favor of the more straightforward and tax-friendly donor-advised fund.
Learn more about a Donor Advised Fund and what makes HCF different than other institutions: https://www.myhcf.org/donoradvisedfunds
As always, please contact the community foundation to learn more about charitable giving techniques and how trends and legislation may impact your clients’ plans. We are happy to help!
With a fund at Hudson Community Foundation (HCF), advisors can manage the charitable assets on their preferred platform at any amount. Assets stay under your management. You can provide your clients with the consistent investment advice they expect. We are your partner in charitable giving!
The team at HCF is a resource as you serve your philanthropic clients. We understand the charitable side and are happy to serve as a secondary source as you manage the primary relationship with your clients. This blog is provided for informational purposes only. It is not intended as legal, accounting, or financial planning advice.