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Philanthropy: A Team Sport
At first glance, you may think of charitable giving as mostly an individual act. Certainly, most of the time, the actual money or asset that constitutes the charitable donation comes from a single person, couple, or entity. Beyond that, though, it likely makes sense to think of charitable giving as a collaborative endeavor.
Here are three examples:
- Serving on the board of directors of a charitable organization is a rewarding activity for many people. And, many people complement their board service with financial support. Dialogue among board members, leveraging board members’ talents, and collective board oversight are important components of a well-run nonprofit organization. Charities are counting on board members’ objective voices in the boardroom, board members’ constructive questions, and the board’s dedication to ensuring that public trust in the charity is maintained.
- For many people, involving other family members in charitable giving is one of the most rewarding ways to instill philanthropic values and transfer these values across generations. Whether you’re teaching young children about the importance of helping underserved populations or joining with siblings to develop a grant-making strategy for a family donor advised fund (DAF) at the Hawai‘i Community Foundation (HCF), you’re experiencing the joy of working together to make a difference in the lives of others.
- Working with HCF is itself a collaborative activity. When your client organizes their giving through a DAF or other type of fund, they are working with multiple professionals on our team to help plan their annual gifts, evaluate impact, structure tax-savvy contributions of appreciated stock, and so much more. Plus, HCF’s team works alongside your clients’ team of professional advisors, including attorneys, accountants, and financial advisors, to ensure that their financial and community goals are top of mind.
Mahalo for being a part of the team and taking the opportunity to work together to make Hawai‘i a better place for everyone, now and in the future.
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