Philanthropy: How to Guide Younger Generations

Philanthropy is the practice of giving back to society. It is an important life skill that should be taught to younger generations. Teaching youth about philanthropy can help them develop a sense of responsibility and empathy and is an important step toward creating a more sustainable future.

Philanthropy can help young people understand how their actions can make a difference both in their communities and globally. By teaching youth about philanthropy, we can empower them to become active citizens who are committed to making positive changes in the world. This article will provide an overview of how to guide younger generations in understanding and engaging with philanthropy.

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The Changing Role of Women in Philanthropy

Women have long been involved in philanthropy, but their role has changed significantly over the years. As more women become educated, empowered, and financially independent, they are increasingly taking on leadership roles in philanthropy and making a greater impact.

A 2021 study conducted by the Lilly Family School of Philanthropy at IUPUI Women’s Philanthropy Institute (WPI) found that 61.5% of U.S. households make charitable giving decisions jointly. However, when one partner makes decisions for the household, women are more likely to make these decisions than men. The same study found that in 2005 only 6.5% of women made the household decision about charitable giving, but this figure more than doubled to 15.3% in 2020.

Women increasingly have the opportunity to make their voices heard and contribute to important causes. This shift is changing the landscape of philanthropy as women become more involved in decision-making and fundraising activities.

As a result, we are seeing a rise in female-led initiatives that are making a real difference in our society. With their increased involvement comes greater visibility and recognition for the work they do—and a greater ability to create positive change through their actions.

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What Type of Wealth Has Nothing to do with Money?

How do you define wealth? A person’s wealth is often defined solely by the amount of money in their bank account or their net worth. While wealth does measure the value of one’s assets, you can be wealthy in ways that do not include money – wealth comes in many forms.

In this article, we explore one way, other than financial status, in which wealth can be measured.

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High-Net-Worth Family’s Guide to Philanthropy

Philanthropy comes from the Greek word philanthropia, meaning “love or kindness to mankind.”

Many High-Net-Worth (HNW) families have a genuine desire to help humanity and promote the welfare of others. Through philanthropic planning as part of their overall family financial plan, HNW Families can be more effective in their charitable giving as well as provide a lasting family legacy.

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How to Generate Passive Income with Dividend Investing for Philanthropic Purposes

Passive income, that which comes in whilst you are not doing anything, can be a great way to help you generate additional cash flow for philanthropic purposes. What if you can have money flowing in continuously to be used for philanthropic causes, while keeping your initial invested capital in the stock market for capital preservation and potential capital appreciation? Read this article to learn how this can be attained through a dividend-paying portfolio, Bloom Investment Counsel Inc.’s specialty.

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