Myth: Philanthropy is for the super wealthy
Copper Leaf Financial's Michael L. Thompson, CAP® joins internationally published Vermont author Kathleen Burns Kingsbury for this recent "Breaking Money Silence" podcast to discuss the myth that philanthropy is only for the super wealthy.
Is being philanthropic one of your life’s goals but you believe you have to be wealthy or have lots of extra cash lying around? There are many ways to be philanthropic for the charities or organizations you want to support and it doesn’t always mean having an open checkbook. Kathleen and Michael bust the myth that philanthropy is not just for the super wealthy. Sit back and listen to an enlightening conversation about how you can be involved in social causes without giving away all of your hard-earned dollars.
- Do not let the new tax laws influence your generosity. The new tax laws around charitable giving may make gifting seem less attractive. Michael encourages you to continue to follow your passion and talk to an advisor about how to still get a tax benefit for your good work and contributions.
- Talk to your advisor and family about your values. Philanthropy begins with identifying your values, then investing and gifting using these as a guide. Break money silence with partner and family by discussing how you would like to use your money to better the world.
- Be intentional and strategic with your giving. Work with an advisor to develop a plan for creatively and strategically making your financial donations has the greatest impact – for you and for the organizations you support.
View the 18 minute podcast here: http://breakingmoneysilence.com/podcasts/philanthropy-is-for-the-super-wealthy/.