Why Philanthropy is Important
Social environments worldwide face problems. Things like environment, lack of clean water, poverty, education, inequality, health care. All of these things need help, and governments are already stretched to the limit. Philanthropy helps you to focus your money on where it's important for you, and jumpstart infrastructure and research.Firstly, we identify and prioritize your financial goals. Through this initial step, we obtain a clear understanding of your immediate needs, concerns, and aspirations.
Role of Philanthropy in Society
Philanthropy has the power to influence lasting social change. When an organisation receives support, a ‘ripple effect’ takes place. Many lives are touched, potentially for generations.
Philanthropy can be looked at as one of the cornerstones of a stable society. When people come together to help others, whether donating money or time, we’re reminded what it means to be human. And from there, communities grow stronger.
Philanthropy can be looked at as one of the cornerstones of a stable society. When people come together to help others, whether donating money or time, we’re reminded what it means to be human. And from there, communities grow stronger.
Types of Philanthropy
Here are just some of the key types of philanthropy:
Impact philanthropy: Making the strongest impact and benefitting as many people as possible through strategic philanthropic actions.
Strategic philanthropy: Supporting the causes that matter the most to you.
Venture philanthropy: Here, venture capital principles and services are applied to the social economy.
Family philanthropy: Giving as a family helps establish a culture of giving for generations, and passes on positive attitudes towards money and helping others. It’s a powerful form of philanthropy, as it allows for families to keep giving as the philanthropic landscape changes. It also helps families to build and achieve lasting impact.
Impact philanthropy: Making the strongest impact and benefitting as many people as possible through strategic philanthropic actions.
Strategic philanthropy: Supporting the causes that matter the most to you.
Venture philanthropy: Here, venture capital principles and services are applied to the social economy.
Family philanthropy: Giving as a family helps establish a culture of giving for generations, and passes on positive attitudes towards money and helping others. It’s a powerful form of philanthropy, as it allows for families to keep giving as the philanthropic landscape changes. It also helps families to build and achieve lasting impact.
Philanthropic Gifts
Here at Farber Wealth, we use different gifting tools to maximize your donation and minimize your taxes, such as Donor Advised Funds, Wills, and Life Insurance.
