Philanthropy

A philanthropist is a person who donates time, money, experience, skills or talent to help create a better world. Whether you are Warren Buffet, Michael Jordan, or a Wilmington local, the gifting principles, tax benefits, and philanthropic rewards of charitable giving are the same.

Many philanthropists are driven by a deep desire to solve social issues and make a lasting impact. Alongside this sense of purpose, the U.S. federal tax code offers philanthropic tax benefits, such as deductions against income, capital gains, and estate taxes.

You don’t need to be a millionaire to experience the rewards of giving. Philanthropy can be achieved through donating time, talent, or treasure. Educational resources like Boost Your Giving IQ provide worksheets and tools to guide smarter, strategic giving. These tools help you clarify your priorities and create a plan that maximizes your impact.

Impact investing aims to achieve both social or environmental benefits and financial returns. Also known as social impact investing, this strategy uses markets to generate profit while driving positive global change.