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As taxes rise, will donors give more? Advisors say so

July 28, 2010

As taxes rise for many individuals, charitable giving may be the path for many, according to a new survey of financial advisors reported in major philanthropy publications this week.

Even as the economy remains uncertain, other donors are expected to keep on giving at the same level, according to an on-line survey of more than 500 financial advisors conducted by Fidelity Charitable Gift Fund in May.

For financial advisors who work with the Community Foundation, it’s no surprise to realize that charitable giving is an important part of managing wealth. Advisors who regularly include philanthropy as part of the overall discussion see this as another way to build their relationship with their clients.

The survey also shows that 39 percent of financial advisors expect the use of Donor Advised Funds to increase over the next five years, primarily because they simplify giving. And, with community foundations, they provide the perspective of community knowledge that adds to the impact of every charitable gift.

To find out more about how your financial advisor and you can work with your Community Foundation, contact Erin Stephenson by e-mail or by phone at 327-3805.

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