By Brian K. Case, Certified Financial Planner®

While keeping up on my reading about the latest investing and planning developments, I was struck by an article on charitable giving and how it can make a difference in a world dominated by bad news and no shortage of good causes.

Bruce DeBoskey, a philanthropy expert, came up with a holiday-giving strategy inspired by the Rev. Martin Luther King Jr. The civil rights leader once said that, “We are now faced with the fact that tomorrow is today. We are confronted with the fierce urgency of now…This is no time for apathy or complacency. This is a time for vigorous and positive action.”

This set off a light bulb in DeBoskey’s head. His idea? In a world full of challenges, consider taking 10 percent of your planned spending on holiday gifts and instead use the money to support charitable causes.

DeBoskey suggests a family challenge: As you gather around the Thanksgiving table, discuss what charitable cause is most important to you. Find something that the entire family can support, pick a charity, and then vow to support it this year as part of your holiday giving.

Retailers expect Americans to spend $700 billion in holiday spending during November and December. Just imagine if 10 percent of that money – some $70 billion – went to charitable causes that can make a difference in the world, our country, and communities.

To learn more, read DeBoskey’s article here.

Important Disclosures

*Past performance is not an indicator of future results. This material is not financial advice or an offer to sell any product. The statements contained herein are solely based upon the opinions of Elevage Partners, LLC (“Elevage”). Elevage is a registered investment adviser. More information about the firm can be found in its Form ADV Part 2, which may be requested by calling (877) 922-8243 or visiting http://www.adviserinfo.sec.gov. The information contained herein is derived from sources we believe to be reliable, but which we have not independently verified. Elevage assumes no responsibility for errors, inaccuracies or omissions in this information. Elevage reserves the right to modify its current investment strategies and techniques based on changing market dynamics or client needs. The information provided in this report should not be considered a recommendation to purchase or sell any particular security. There is no assurance that any securities discussed herein will remain in an account’s portfolio at the time you receive. It should not be assumed that any of the securities transactions, holdings or sectors discussed were, or will prove to be profitable, or that the investment recommendations or decisions Elevage makes in the future will be profitable or will equal the investment performance of the securities discussed herein.
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