As future advisors to a family fund, the grandchildren of Dick and Judy Nelson are discovering their own passion for philanthropy and finding they have a powerful voice to share ideas with the entire family.

“We knew that we would see a shift towards virtual volunteering at the start of the pandemic, but what we’ve found is that that virtual opportunities are continuing even when in-person options are available again,” Christina Mastroianni said.

No one gives to charity solely to obtain a tax deduction, and personal reasons for giving usually outweigh the tax benefits. However, experience shows that donors do want to receive the tax benefits associated with their philanthropy and they structure their giving in a tax efficient manner. In this article, you will find a review of information helpful to donors planning their gifts now.

Wealthy families are as committed as ever to the nonprofit sector and community causes, with giving growing significantly in the past several years. Motivations and preferences in giving are changing too.

Bill Harney and Charlotte Parrish were both brought up with the “pay it forward” mentality, and for a while, the couple mostly gave to causes where they had personal ties. Then came the racial reckoning that began last summer, and Bill and Charlotte’s entire perspective shifted.