Reuters Money

Steve Jobs and giving anonymously

October 10, 2011

For all that he achieved in his life in terms of his public image, Steve Jobs was famously not a public philanthropist, unlike his equally titanic tech rival, Microsoft’s former head Bill Gates.

Charitable remainder trusts: How the wealthy give it away and get it back

September 30, 2011

Though he first attended the Hollywood Bowl more than 30 years ago, Ron Moormeister remembers well those Los Angeles Philharmonic concerts. His voice waxes rhapsodic as he recalls the lineup: Mandy Patinkin, Julie Andrews, a Tchaikovsky Spectacular complete with the bombastic 1812 Overture.

How to avoid phony 9/11 charities

September 9, 2011

There truly is no honor among thieves.

When it comes to scams, the 10th anniversary of the Sept. 11 terrorist attack on the U.S. is just like any other tragedy that callous crooks have taken advantage of. Fact is, from the days following Sept. 11, 2001, thieves have been using the attacks to pocket your cash by either trying take advantage of interest in donating to help those affected or by trying to get money intended to help victims and their families.

Philanthropy: How the major financial institutions are helping

August 22, 2011

Ten years ago, you would have been hard-pressed to find philanthropy specialists in most private banking and investment firms.  But today, philanthropic services are a major division of most wealth management operations, offering clients a myriad of investment vehicles and services to do good.

Where young, wealthy people find help giving their money away

August 17, 2011

At an age when most guys still hone their skateboard moves, Jason Franklin got a call from his grandfather’s secretary, asking him if he’d like to get involved in the family foundation.

Young philanthropists go high-tech to reach lofty giving goals

August 15, 2011

At 29, Michael J. Greene of Chicago is a young philanthropist in the making, though he hardly fits the stereotype. He doesn’t drive a Porsche; in fact, he just sold his VW Passat with 90,000 miles and uses public transit to get around.

Charitable giving jumps despite slow recovery

June 20, 2011

With a depressed housing market, an unemployment rate hovering around nine percent and stocks struggling, you would think it difficult to convince people to give to those in need.  But a Giving USA Foundation report released today shows total charitable contributions — for individuals, corporations and foundations — rose 3.8 percent in 2010 to an estimated $291 billion.

Developing children charity champions

By Toddi Gutner
May 30, 2011

Developing our children into charity champions isn’t rocket science. What it takes is a decision, direction and discipline.

Dear IRS: Where is my tax refund?

April 15, 2011

A suitcase full of counterfeit money lies on the floor during a protest in Caracas August 15, 2007.  REUTERS/Edwin Montilva Whoo hoo! A refund. Speaking personally, this is the first time in about 10 years that I’ve qualified for a refund. I think it’s because I took this full-time job at Reuters and signed up to have big bucks deducted from my paycheck. And it’s because 2010 tax breaks passed retroactively actually lowered my total tax bill (and those of many others).

Philanthropy: How to make even small gifts matter

March 28, 2011

A man gives money to a woman begging on a street in Managua February 8, 2011. REUTERS/Oswaldo RivasGiving money away has such an emotional component to it that it’s hard, sometimes, to think about in strategic terms. But the truth is that if you pay as much attention to your giving strategy as to your investing one, you can have more impact and fund more of the organizations you care about without getting sidetracked by requests.