Karma & Cents Blog
Catch up on a selection of our latest news and learn more about Philanthropy 3.0
#AskMeAnything – Q&A on philanthropy and social finance in Honour of National Family Business Day
This #AskMeAnything (AMA) focuses on the most commonly asked questions posed by family business leaders on philanthropy and social finance. National Family Business Days are celebrated around the world, typically from mid-September until mid-October. In honour of...
The Clock is Ticking – Shared Urgency and the Pressure of Wealth
We all have alarm clocks. Some tie us to our physical life, like meeting notifications and taking food out of the oven. Others are more ephemeral, like the biological clock. Alarm clocks serve a purpose; they keep us on track, they remind us to do things, and in some...
Is a Legacy Plan only for People with Kids?
Legacy plan marketing and advisory services tends to focus on heterosexual, married couples, where the wealth is created by one spouse or inherited. So what does legacy mean for those who do not fit that description? This article explores what a legacy looks like when you don’t have children and you created your own wealth.
Seasons of Giving – The Philanthropy Planning Cycle
The most generous distribution of funds is at Christmas time, but philanthropy is more than just the outflow of capital resources. While it is definitely seen as a financial transaction in response to an emotional experience, when we work with our clients, we take a deeper approach to charitable giving. At your philanthropic disposal are four resources – Time, Talent, Treasures and Ties. Throughout the year, you might have more less of these resources at your disposal. Of all of them, only your treasures are renewable, you can’t get time back… so it is important to determine where, when, and how to leverage or invest the other types of capital.
Earth Day and Transformative Giving
Tapping into special days like Earth Day to plan for transformative giving and legacy planning.
Transformational Giving – Creating a Living Legacy
In the Spring 2019 issue of the Stanford Social Innovation Review there is a segment on making “Big Bets.” Unleashing Big Bets for Social Change focuses on how harnessing the nearly $9Trillion of worldwide private wealth can transform the face of our communities. The...
Celebrating Women in Philanthropy
Women’s roles in philanthropy have evolved over time from sisterhood groups of biblical times to Victorian England’s Benevolent Aid Societies, which were the first documented organized women’s groups focusing on volunteerism and charity.
The Most Important Question to Ask when Evaluating a Charity
Education is a cornerstone of everything that we do with Karma & Cents clients. The workshops and seminars we host range from philanthropy training for wealth advisors to specialty workshops for Family Office Managers to family philanthropy retreats for family...
You are Going to Die! Philanthropy 3.0 – Your New Wealth Planning Strategy
They say that nothing is certain except death and taxes. Since those two things are inevitable, what can be done to make them less stressful? This is where Philanthropy 3.0 comes in. As a planning tool, Philanthropy 3.0 can work towards wealth management, tax planning and establishing a living legacy that can be an emotional comfort for your friends, family and community upon your passing.
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