Start with “Why”: Part I of VI on Choosing the Right Approach to Charitable Giving
One of the most frequent questions we are asked as advisers is “What is the right vehicle for my charitable giving?”Q2 2020 hedge fund letters, conferences and moreGiven the significant interest in philanthropy, it’s no surprise that the internet has plenty of questionable material on the subject—advising and educating (and often advocating) about direct giving vs. donor-advised funds vs. private foundations. These articles focus on the how, including costs, control, tax benefits, ongoing burden and legacy.But very few start at the right place, why.That’s the subject of this article, the first...