Americans are known for their generosity. From the earliest days of the republic, charitable giving was an integral part of American culture. That impulse to join together and contribute to the well-being of society is alive and well today. Over 95% of all U.S. households give to charity. In 2013 Americans gave $335 billion, close to an all-time high.
This week on WEALTHTRACK we take a look at how the world of charitable giving is changing. Two heads of leading philanthropies, Jed Bernstein of Lincoln Center and Jack Lund of the YMCA of Greater New York discuss how organizations are adapting to new societal needs and donor demands. Continue Reading »
Our New Year’s special is all about giving and how philanthropy in America is changing. Many fear that the new fiscal cliff deal that Congress just passed (in the nick of time) might hurt charitable contributions in the future. Our guests this week have a mixed reaction to that notion. Doug Bauer is the Executive Director of the Clark Foundation, a fifth generation family foundation and one of the largest foundations in the country in terms of assets and grants. Jack Lund is the President and CEO of the Y.M.C.A. of Greater New York, the largest Y.M.C.A. in the U.S. and the largest youth serving organization in New York area. These two Financial Thought Leaders in philanthropy explain how charitable giving has changed and share their advice about becoming more effective givers. Continue Reading »