Charitable and philanthropic planning is an increasing part of a family’s financial strategy.
Philanthropy is defined as the desire to promote the welfare of others by donation to charitable causes.
Giving is a very personal act. Motivations can include passion for a cause that has touched family members, a sense of obligation, a religious belief, or even a lack of heirs. Charitable and philanthropic planning is increasingly being incorporated as part of an overall financial strategy, as we seek to contribute back to society, thus producing a social dividend.
