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Apr 1, 2009 12:00 PM
Foundations: Expect Short-term Reductions But Long-term Growth
We predict that donor-involved giving is going to increase in the long-term as Baby Boomers enter retirement, the time at which people tend to grow more philanthropic. Boomers will embrace giving with a vengeance, as they have every other phase of life. The robber barons among them, suffering guilt over the current Wall St. debacle, will try to give back. And all Boomers will be facing increased tax rates, always a prompt to search for charitable deductions.
But this massive giving won't happen just yet. Instead, this year probably will see a sharp, sudden downturn. Just listen to what foundations are saying about their intentions: Public pronouncements about their 2009 grantmaking reflect the fact that foundations have been hard hit by the stock market's recent plunge.
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Topics of Interest
| Estate Tax | Donor Advised Funds |
| GSTs | Family Offices |
| Private Foundations | Life Insurance |
| 2010 Tax Act News | Industry Trends Surveys |
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Topics of Interest
| Estate Tax | Donor Advised Funds |
| GSTs | Family Offices |
| Private Foundations | Life Insurance |
| 2010 Tax Act News | Industry Trends Surveys |
E-Newsletter Signup
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