Alliance magazine’s Post

The Observer speaks with Mark Reed, Contact Fund LLC, on the rise of philanthropic private equity and how it works—"For many ultra-high-net-worth individuals and families, giving wealth away is fraught with stress and anxiety. On one hand, we want to make sure that we are getting [our wealth] into the hands of responsible organizations that will be good stewards of our giving. But on the other hand, I think there is a growing sense among many wealthy families that the marginal utility of, say, another $50 or $100 million gift to a favorite Ivy League alma mater is somewhat limited... Many are asking, ‘Where can we deploy our fortunes in a way that delivers a greater benefit to society and our communities?’ And that’s where I think philanthropic private equity can play a big role.” Read the full story: https://lnkd.in/dS4vScY9

The value of #philanthropy as #financial advisors seek to retain and grow client lists is clear. Many top #WealthManagement advisors build their offerings by partnering with philanthropic advisors like TPI to educate themselves and work directly with clients for deeper relationships. Great research-driven piece by Jerry Prince of Integrated Partners and @Russ Alan Prince of private wealth magazine – how to earn, how to invest, how to live in Financial Advisor Magazine

Explore how a thoughtfully planned strategy can go beyond financial gains and foster a purposeful journey. NCF has been instrumental in enabling business owners to multiply their impact on causes close to their hearts by contributing business interests. If you're contemplating the sale of your company, planning your philanthropic contributions before the sale could increase the overall amount you can give towards meaningful causes. https://buff.ly/2QeZwou #StrategicPlanning #BusinessGifts #CharitableGiving #CharitableGiftAnnuity #Stewardship #GivingFund #FinancialPlanning #GivingStrategy #NCFNewYork #TriStateArea #NYAdvisors #FinancialPlannersNortheast #MultiplyImpact #BusinessInterests

Asking clients about their charitable goals and educating them about charitable giving options is key to being a trusted, holistic advisor. Some take the cynical view that wealth managers have no incentive to have this discussion because it could potentially result in a portion of AUM going elsewhere. This is a short-sighted transactional approach, which will likely result in the client eventually switching to another advisor anyway who is more attentive toward helping them make a lasting impact for their personal legacy. #estateplanning #financialplanning #charitablegiving #philanthropy

Many of us want to make an impact through philanthropy, and if it's one of your goals, it should be part of your financial plan. Our advisers are often asked about practical and structured approaches to giving back, and a private ancillary fund is an excellent option for those with the means to give back over a more extended period. We talk to Apt Director Andrew Dunbar CFP® about the structure in our latest blog. https://lnkd.in/g5G6NmhB #financialplanning #philanthropy #investment

Harvesting your portfolio's gains can help your philanthropic dollar go farther — and potentially lower your tax bill. Here's how you can make this strategy a regular part of your wealth planning:

In my latest OpEd for the Financial Times, I write about the "other 96 per cent" — it’s not enough to focus on grant-making alone; charitable foundations should generate impact using all of their assets, paving the way for even bigger pools of capital to follow. The effect would be transformational 🌍 🌎 🌏 https://lnkd.in/e9yc7-BE What do you think? Do share with those who can push this forward! #Philanthropy #ImpactInvesting #SustainableFinance #SystemsChange

Excellent piece from Kieron Boyle - at Friends Provident Foundation we have long taken the view that all of our assets need to be put in service of our mission, in different ways. There is so much potential for the foundation sector to go further and lead a wider transformation in how asset owners think about their goals and how to achieve them

Harvesting your portfolio's gains can help your philanthropic dollar go farther — and potentially lower your tax bill. Here's how you can make this strategy a regular part of your wealth planning.

Superb article by Kieron Boyle in Financial Times neatly distills the case for endowments to move towards impact investing. But once you’ve got the ‘why?’ the next question is ‘how?’ At Better Society Capital this is exactly what we have been working on for the last decade. So my colleague Ismat Imaan and I would be interested to hear from any endowments that are looking to do this too and may need help or advice on their next steps. #impact