How much thought do you give your charitable giving? Do you simply write some checks or, more likely, visit organizations’ websites, make donations and then get on with your day? If so, you’re not alone. But is that really the most fulfilling way to do it? Here are some insights from Kia Sullivan, lead family dynamics specialist with Wells Fargo Wealth & Investment Management:
Having supported the philanthropic efforts of many clients over the years, I have found there are a number of benefits and obstacles that need to be overcome to get the most out of the experience. First the benefits: I have seen first-hand how giving one’s time, money and energy on behalf of others can enrich personal and cultural relationships, enhance well-being and build stronger, more vibrant communities.
Now the obstacles: Making meaningful decisions about how, when and how much to give is not always easy. With over 1 million charities in the U.S. and social, environmental and economic uncertainty, the choices can be overwhelming, even stressful. As a result, I have seen some individuals restrain their charitable activity despite their strong desire to give back. Others I encounter worry that their giving is scattered, often reactive, and only moderately satisfying.
Fortunately, there are ways to enhance the process of giving so that it’s a more rewarding and joyful experience on behalf of the greater good. When my clients ask how to make the most of their charitable giving, I tell them it starts with meaning (not money). Together, we explore their values, passions and objectives to help bring focus and intention to their philanthropy.
How can you transform your giving into a more meaningful, fulfilling endeavor? Whether giving of time or treasure, a little planning goes a long way. Here are some guidelines to help get you started:
Consider taking time to reflect on how you might find more meaning and fulfillment from your expressions of generosity. Talk to a professional financial adviser if you’d like to learn more about charitable planning and inspired giving.
Wells Fargo Wealth & Investment Management (WIM) is a division within Wells Fargo & Company. WIM provides financial products and services through various bank and brokerage affiliates of Wells Fargo & Company.
This article was written by/for Wells Fargo Advisors and provided courtesy of Jamie Seim, CFP, Senior Vice President – Investment Officer in Ponte Vedra Beach at 904-273-7917.
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