charitable giving, life insurance

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 (a family 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.” (1)

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: 267 323 6936
First Financial Group 744 W Lancaster Av Suite 235 Wayne, PA 19087

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Registered Representative and Financial Advisor of Park Avenue Securities LLC (PAS). OSJ: 7101 Wisconsin Ave Suite 1200, Bethesda, MD 20814 301-907-9030 Securities products and advisory services offered through PAS, member FINRA, SIPC.  CA insurance license #0I64535. First Financial Group 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. 

 2019-85717 exp. 9/21