Ep 058: So far in our show, we've uncovered the theme that there are many things that brings our lives fulfillment. One thing we consider as we discuss our own mortality is our legacy, right? What have we changed or made better? Sometimes our work is our legacy. Sometimes our volunteer work. Sometimes it's the family bonds and memories. But another way to build a legacy is to use our savings during or after our lives to give to a charity that can impact others' lives. There are countless worthy nonprofits and charities out there. So what should we know about finding which charity is the best match for our values and dollars? WHEN should I give to charity? HOW & HOW MUCH should we give them?
Our next guest is a Vice President and charitable planning consultant for Fidelity Charitable®, an independent public charity that has helped donors support more than 328,000 nonprofit organizations with $51 billion in grants. In his role, he is a premier resource on charitable planning for advisors and their clients in the Northeast area. He educates advisors on current charitable planning trends and strategies, along with leveraging the benefits of Fidelity Charitable’s donor-advised fund program, to help philanthropic clients give more to the charities they support. Please welcome Glenn Garbutt to the Retirement Success in Maine Podcast!
Welcome, Glenn Garbutt! [2:54]
Why do people give charitably? [9:51]
How can someone identify which causes are important to them and what impact their donation is going to have? How can they figure out the best place for them to give? [16:52]
How do people today give to charity (from an asset perspective)? [31:00]
What are Donor Advised Funds and when did they come about? [37:39]
Many scenarios can immediately influence someone’s liquid wealth – what are some planning considerations for these types of scenarios? [46:39]
How is Glenn going to find his personal Retirement Success? [52:53]
Ben and Curtis wrap-up the conversation [55:37]