charitable giving, life insurance, protection

Creating Social Impact Through Giving

 

Every day millions are helped to improve their lives due to the generosity of others. As a community we each have a stake in the success of every individual, every family. Many organizations that make massive positive contributions are struggling due to cutbacks in government supports.

We as stakeholders in American society have a responsibility to give back and help those less fortunate. A recent example of this ethos:

“The $219 million gift from the A. James & Alice B. Clark Foundation, announced Wednesday, shatters the previous record for a single donation to U-Md. — $31 million — set three years ago. It is also among the most significant gifts to any public university in the country, coming at a time when many schools have ramped up fundraising to offset declines in state support.”

 

As a result of such donations more students will be able to attend the University of Maryland and build a better future for them and their families. It is an investment in the future and fabric of the United States.

Examples of this kind of giving occur every day… sometimes in the millions of dollars, many times more just a few thousand dollars. What many people are not aware of is the ability to leverage money that is dedicated charity and planned giving to create more impact and bigger gifts.

Permanent life insurance is a tool that has provided security and abundance for hundreds of years. By planning ahead donors can use existing assets and cash flow to create endowments that are many times larger than the premiums paid.

 

As an estate planning tool, life insurance gives additional options and flexibility to charitably minded people.

If a foundation or non-profit have a limited number of apples (assets) to fund their projects, the question becomes ‘how do we add more apples to the bowl’; how do we ensure the organization is sustained for the biggest social impact?

To learn more talk to a financial advisor. Explore options. But above all take action and protect your legacy and those you care about.

If you want to discuss these issues or learn more please feel free to contact me.

Retirement Income. Tax Efficient Planning.

Life Insurance. Disability Insurance

Socially Responsible Investing

 

To learn more contact:

James Cox

Cell: 215 768 5883

Email: james_cox@devon-financial.com

Devon Financial Partners 744 W Lancaster Av Suite 235 Wayne, PA 19087

http://jamesacox.com

Registered Representative and Financial Advisor of Park Avenue Securities LLC (PAS) 7 Hanover Square, New York, NY 10004. OSJ: 954 Ridgebrook Rd. Suite 300, Sparks, MD 21152, 410-828-5400. Securities products/services and advisory services are offered through PAS, a registered broker-dealer and investment advisor, 888-600-4667.

Financial Representative, The Guardian Life Insurance Company of America (Guardian), New York, NY. PAS is an indirect, wholly owned subsidiary of Guardian. Devon Financial Partners, LLC is not an affiliate or subsidiary of PAS or Guardian.

 

Guardian, its subsidiaries, agents, and employees do not provide tax, legal, or accounting advice. Consult your tax, legal, or accounting professional regarding your individual situation.

 

GEAR 2017-47562  Exp. 9/19

 

https://www.washingtonpost.com/local/education/a-record-breaking-gift-to-the-university-of-maryland-219-million/2017/10/04/80cb1e54-a76f-11e7-850e-2bdd1236be5d_story.html?utm_term=.2c9ac111e92c

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