Not a day goes by at the PACF without our team talking with fund-holders – and potential fund-holders! -- about philanthropy in our community and all the ways charitable giving can make life better for everyone who lives here. Recently, we’ve noticed an uptick in interest on a few important topics.
Ripple effects of banking’s bumpy road
our team has fielded a lot of questions from fund-holders working with their
advisors about transferring bank and especially tech stocks to their
funds at the PACF. Although the current
market climate may be rough, we are nevertheless encouraged by evidence suggesting that technology
is increasing the opportunity and efficiency of charitable giving overall, and
certainly we are hearing about (and talking with) more and more donors who are deploying their
business and financial success toward charitable initiatives. Silver linings do
indeed appear to be a real thing!
Tax perks on the horizon?
appears that there may be renewed
non-itemizers to be able to deduct at least a portion of their charitable
gifts. As you and other charitable-minded taxpayers are undoubtedly aware,
because of the higher standard deduction passed as part of the Tax Cuts and
Jobs Act of 2017, tens of millions fewer
itemized their deductions, leaving many nonprofits with shortfalls in projected
donations. In addition, a “universal charitable deduction” may be back in
Generational factors can impact charitable behavior
fund-holders at the PACF regularly involve their children and
grandchildren in philanthropic activities, including attending Foundation events together and meeting with our team to explore giving
opportunities and assessing impact. It may interest you (but it may not
surprise you) to learn that studies continue to point out generational
differences in approaches to charitable giving. Recently, for example, research has shown that volunteerism
and related behaviors are shifting, making it difficult for some charities to
build and maintain volunteer programs.
We look forward to working with you and your family this spring to set in motion your charitable goals for 2023! Please reach out anytime.