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Give Smarter & Make a Greater Impact with Philanthropy
Goran Ognjenovic • Independent Investment Advisors
CONTACT ME

Give Smarter & Make a Greater Impact with Philanthropy

What inspires you to give?

Most of us give for the same basic reasons.

We want to help others, make a positive difference in the world—and giving feels good. It makes us happy, and it connects us to the causes we care about.1

Studies show that most charitable folks give according to their values or to support causes they care about.2

But they don’t always have a strategy around giving. Or a way to monitor for impact.

How do you make the greatest impact with your giving?

If you’re not sure, you’re not alone. Many folks are passionate about giving but don’t have a defined strategy.

Even though strategic giving can pave the way for thoughtful donations of money, time, and resources. And that can help you figure out how to do the most good for the causes that matter most to you.

Want to create your own charitable strategy?

Check out the questions below to help create your own giving roadmap.

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5 Questions to Focus Your Giving & Make an Even Greater Impact

•1•

What Values Are Most Important to Me?

What am I deeply passionate about? What motivates me day to day?

Family, faith, or social causes may come to mind. Your life experiences may also drive your values and motivations. Think about how to align them with your philanthropy.

•2•

Where Can I Do the Most Good?

What causes don't get enough support? Where could my gifts make a bigger splash?

Get specific. Think about narrower aspects of a bigger cause or issue. You can also think more locally, finding smaller organizations that support those issues in your community.

•3•

Which Organizations Address the Issue(s) I Want to Support?

Which organizations are most effective at solving the problem(s) you want to address? How transparent are they?

Do your due diligence before giving. Whether you go with a new or established organization, focus on groups that know what they're doing — and that clearly tell you how your philanthropy will make a difference. Independent organizations such as Charity Navigator and GuideStar can help you identify organizations that use donations wisely.

•4•

What Exactly Do I Want to Donate?

How much money can I afford to give? What else could I give to support a cause or organization?

Beyond cash and your budget for philanthropy, consider other ways to donate. Appreciated assets, time, and your distinctive skills could all be valuable and impactful to the causes you care about.

•5•

What Does Success Look Like?

What changes do I want to see? What impact do I expect from my donations? How do I evaluate success?

Supporting a cause isn't always enough to make a real change in the world. You also need a clear vision of what success looks like to you. If you know what outcome you want to achieve, you can support an organization that approaches a cause in ways that mirrors your vision of success.

Giving for impact is a practice that can help change the world.

FINANCIAL LESSON

How to Refine Your Giving Strategy for Higher-Impact Philanthropy

I’ve seen first-hand how the joy of giving and making an impact through philanthropy can change your life.

When we give, we activate our brain’s pleasure centers. That’s one reason why philanthropy can feel so great.

Creating a values-based strategy can not only increase the satisfaction of giving, but also help create greater change in the world.

When we look inward and think carefully about why we want to give and what we really want to achieve, we can get a clear idea of our motivations and goals for philanthropy.

And, we can start harnessing the financial and tax benefits of giving.

Want help incorporating more philanthropy into your financial life? I’m here to help.

Goran Ognjenovic
Independent Investment Advisors
https://iiaproduction.wpengine.com
(971) 350-8068

P.S. Sign up for my emails. My subscribers get my best insights.

Goran Ognjenovic

Independent Investment Advisors

(971) 350-8068

Email Me

Visit Website

Not receiving our newsletter?

Get insightful info on finances and more in your inbox every month with the

VISUAL INSIGHTS NEWSLETTER

Goran Ognjenovic
Independent Investment Advisors
(971) 350-8068
https://iiaproduction.wpengine.com


Sources:

https://blog.philanthropy.iupui.edu/2019/11/20/why-do-people-give/#:~:text=Sara%20Konrath%20and%20Femida%20Handy,)%2C%20tax%20benefits%20(monetary%20private

https://scholarworks.iupui.edu/bitstream/handle/1805/26654/bank-america-sept21.pdf?sequence=1&isAllowed=y

Risk Disclosure: Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. Past performance does not guarantee future results.

This material is for information purposes only and is not intended as an offer or solicitation with respect to the purchase or sale of any security. The content is developed from sources believed to be providing accurate information; no warranty, expressed or implied, is made regarding accuracy, adequacy, completeness, legality, reliability, or usefulness of any information. Consult your financial professional before making any investment decision. For illustrative use only.

This information is not intended to be a substitute for specific individualized tax advice. We suggest that you discuss your specific tax issues with a qualified tax professional.

The following posts and commentary are to be used solely as educational tools and do not contain investment advice. Investment advice must be tailored to a particular investor’s specific needs. None of the information contained should be construed to be investment advice. Individuals wishing to tailor a plan to their own needs should seek the help of a Registered Investment Advisor.

There is a high degree of risk in investing and trading. Independent Investment Advisors assumes no responsibility. Principles of Independent Investment Advisors may, at times, maintain directly or indirectly, positions in securities or derivatives mentioned in these comments.

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