As of last year, millennials now outnumber any other generation, even baby boomers. What characterizes this generation, and what might their population growth mean for the nonprofit sector? Move over, boomers. Millennials are now the most populous generation. According to numerous sources, the millennial generation (encompassing those born between 1982 and 2004) are 80 million …Read More

While tax deductions are rarely the primary motivation behind an individual’s decision to make a charitable gift, tax considerations can and often do affect the size, timing and the form a gift may take. But who will benefit most from the charitable deduction? Since 1917 the charitable deduction has recognized that a donor is foregoing …Read More

A new global study of wealthy metropolitan areas by a British banking magazine and consulting firm reveals that one in every 25 New Yorkers has a net worth of $1 million or more, excluding their primary residence. In addition to New York (4 percent), Houston and San Francisco (each at 2 percent) also were included …Read More

  With stock market indexes at record highs, donors may be ready to consider “giving out of the market.” An up market What a difference five years can make. In late August, the S&P 500 index reached the 2,000 mark, nearly three times the low seen in March of 2009. In 2014 alone, the S&P …Read More

A recent study of almost 4,000 probated Australian estates sheds light on the mindset of the typical Australian bequest donor. Conducted by the Asia-Pacific Centre for Social Investment and Philanthropy, “Encouraging Charitable Bequests by Australians” was published in 2014 by Swinburne University of Technology. Some of the more interesting observations and findings include: People tend to …Read More