Imagine fireside chats not just about Aunt Mildred’s perfect gift, but about causes close to your hearts. What sparks your family’s philanthropic spirit? What are your proudest moments of giving back together? Remember when you volunteered together at your local animal shelter foundation? Or perhaps it’s the annual tradition of choosing a family in need and showering them with love and support. These moments, these shared acts of charitable giving, are the foundation of your family’s philanthropic journey.
But where do you begin? Charitable giving plans and strategies can seem challenging, but they don’t have to be. This holiday season, why not ignite a spark of philanthropy within your family?
Here are Four Ways to Incorporate Charitable Giving Strategies into Your Holiday Traditions:
1. Gather around: Ditch the wish lists and create a family giving mission statement together. What causes resonate with everyone? Discuss your values, passions, and dreams for a better world. This becomes the guiding light for your family’s philanthropic journey, shaping your charitable giving plan and strategies for years to come.
2. Unwrap the Power of DAFs: Explore the benefits and set up a donor-advised fund as a family, fostering multi-generational giving. It’s flexible, efficient, and perfect for multi-generational giving. Imagine grandchildren suggesting charities, learning about philanthropy firsthand, and feeling empowered to make a difference through your DAF.
3. Give More Than Presents: Your time and expertise are as valuable as money. Volunteer together at a food bank, mentor young entrepreneurs, or share your professional skills with a struggling non-profit. These shared experiences create lasting memories and strengthen your family’s bond through service, becoming cherished traditions alongside holiday feasts and caroling.
4. Make Giving a Holiday Ritual: Set aside a portion of your holiday budget for charitable donations. Let the kids choose a cause they care about or surprise a deserving family in your community. These acts of generosity become treasured traditions, reminding everyone of the true meaning of the season and adding a touch of philanthropy to your regular holiday rituals.
Read More: 3 Keys to Creating a High-Impact Charitable Giving Plan
You might even start a tradition of solving charitable giving crosswords together, laughing over the clues and learning about new causes along the way! We created this downloadable charitable giving crossword, hoping to help foster your new traditions. (Click here for the answer key)
Remember, legacy planning isn’t just about the size of your gift, but the depth of your impact. This holiday season, ignite the spark of charitable giving within your family. Watch it grow, illuminate the lives of others, and leave a legacy far brighter than any ornament on your tree.
Ready to Take Your Charitable Giving to the Next Level?
Our philanthropic services team can help you craft a personalized legacy of giving that complements your charitable giving plan and strategies. Schedule a consultation today, and let’s make this holiday season one for the history books (and the charitable gift registries)!
This holiday season, let’s create a gift that keeps on giving, not just for ourselves but for generations to come. With the help of our CERTIFIED FINANCIAL PLANNER® professionals, we can craft a personalized giving plan that reflects your family’s values and aspirations because the greatest gifts aren’t always wrapped in paper. They’re the ones that leave a lasting impact.
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