“Clarity is kindness” is a concept that was popularized by Brene Brown. She wasn’t talking about charitable giving, but it still applies.
Give your family context
A charitable plan can document not only where you want your charitable dollars to go, but why.
Depending on your goals, that could include:
- Establishing a charitable fund during your lifetime.
- Documenting plans for a future fund.
- Including charitable provisions in your estate plan.
- Involving children or grandchildren in giving while you can experience that philanthropy together.
Those conversations can become about much more than money. They can help future generations understand the experiences and values that shaped your generosity.
Leave room for change
Planning ahead doesn’t mean locking yourself into decisions you can never change.
Your interests may evolve. Organizations change. New community needs emerge. Your financial circumstances may change, too.
The goal is clarity, not rigidity.
By discussing your charitable intentions while you can fully participate, you create a foundation that you, your family, and your advisors can revisit and build upon.
Start the conversation
At any stage of life, the Community Foundation can help you explore questions such as:
- What do you want your giving to accomplish?
- Which organizations or causes matter most to you?
- Would you like your children or grandchildren involved?
- Should your charitable plan continue after your lifetime?
- How much flexibility should your plan have as community needs change?
Your answers can help you and your estate planning and tax advisors determine how charitable giving fits into your broader plans.
Planning ahead can’t eliminate every question the future may bring.
But it can reduce the gray areas, and give the people you trust a clearer roadmap for honoring the charitable intentions that matter to you.