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Nonprofits are facing increasing budget and personnel uncertainty due to both a decline in donations and threats of cuts to government funding. As a result, volunteers will become even more important in helping nonprofits fulfill their missions. However, even the most well-intentioned and qualified volunteers can expose organizations and philanthropic families to legal, financial, and reputational risks—especially if the volunteers are placed in unsuitable roles or lack proper screening, training, and supervision.

For many art collectors, the allure of acquiring and displaying art often overshadows the effort required to manage it properly and plan for its eventual disposition. After all, upon death, you can’t take it with you. Estate planning for art collectors involves navigating a complex landscape of valuation, tax, and management issues. Without a strategic approach, the beauty hanging on your walls might be at risk of becoming entangled in tax and legal concerns. So, it’s time to master the art of estate planning so your collection remains a source of pride and prosperity for generations.

With the U.S. election results in 2024 setting the stage for significant changes in tax legislation, the administration is expected to prioritize extending the Tax Cuts and Jobs Act of 2017 (TCJA) and potentially repealing parts of the Inflation Reduction Act, which may lead to adjustments in corporate taxes and individual tax provisions. As we navigate these changes, it is important for individuals and businesses to stay informed and proactive in their planning approach.

In the quest to generate positive social change, family philanthropies face diverse and sometimes competing perspectives. They also must sort through an overwhelming amount of information to make good decisions—and often, that information is too general or limited to be useful. With this research report, clear and focused data goes a long way toward helping families make confident decisions for their family foundations and at each inflection point in their philanthropy.

Even the most enthusiastic and driven donors often become overwhelmed and anxious, causing them to put off, stall, or curtail their giving, which in turn, hinders impact and strips the joy out of philanthropy. In this report, we explore the behavioral science behind the ten most common barriers to giving—such as too many choices, fear of uncomfortable family dynamics, and lack of urgency—and provide effective and actionable ways for you to overcome those barriers.

If you’re philanthropically inclined, you can contribute your life insurance to a 501(c)(3) public charity, like a donor-advised fund. There are two primary methods to contribute life insurance to charity, and each one has different timing and tax benefits. Using a case study, the two options illustrate how donations can maximize the charitable impact.

One of the most important moments in a family’s philanthropy is when those who are currently managing the giving formally welcome members of the next generation—or generations—into the work. While the details of each family’s experience are unique, there are several common insights that can best position leaders to intentionally evolve their family’s philanthropic leadership and family engagement in philanthropy.

Tax season is an ideal time to think about your overall financial planning strategies and goals, including charitable giving. In this article, Schwab Charitable provides an overview of the current giving environment, as well as introduce you to five donors to understand their giving strategies in action – and help you consider what might work with your broader family philanthropy planning goals.