A Merrill Lynch Financial Advisor can help you structure your wealth management plan, so that the philanthropic goals you've been working toward may become the inspirational reality you want them to be.
With the economy recovering from recession, trends in philanthropy show that even though people may not have as much to give as before, they are still determined to support the causes they're passionate about. To pursue that goal, many are making adjustments to their philanthropic strategies. Some donors are stepping up their giving to local charities that support basic human services in lieu of traditional gifts to education and the arts. Also, a growing number of large contributors are making alternative gifts such as patents, jewelry and art. To help them make strategic adjustments and navigate the complexity of today's financial markets, donors are increasingly looking for knowledgeable assistance. Your Financial Advisor can help you think about philanthropy in new and creative ways to make the most of what you give.
One option is a donor-advised fund, which offers a relatively simple, straightforward way to support your favored causes. Private foundations offer a more hands-on approach to fulfilling a long-term philanthropic vision, but this structure involves a substantial commitment in money and time. However you decide to help, your Financial Advisor can talk to you about the many viable, effective options.
