A recent survey showed that Generation X millionaires (those ages 28 to 42) are the most generous among their peers. Of course, high-net-worth individuals are not the only ones who contribute to charities. Many Americans give generously, and the amount they give has increased dramatically in recent years.
Regardless of their net worth or their motivations to give, the vast majority of people do not give in a planned way. Planned giving, on the other hand, is an organized approach that evaluates one’s personal values, selects charitable organizations and gift-giving vehicles that best reflect those values, and maximizes the financial and tax benefits of the gifts.
Read Mike McCann’s article, “Who Gives? Young Millionaires Lead in Philanthropy,” in Round-up, the official magazine of the Maricopa County Medical Society. Read More