Time For Stewardship

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With recent news almost totally focused on the 2018 hurricane season and catfights between Democrats and Republicans, we’d like to share a bit of good news about the state of charitable giving and remind our friends that we are barreling toward another tax season.

laboratoryRegardless of our political distractions, we’re still a generous, big-hearted country when it comes to individual giving. It seems that we as a country are on track for a slightly higher percentage increase in 2018 than last year—a banner year for charitable giving. As individuals, we give about 70% of all charitable donations in the U.S. with the balance coming from estates, foundations, and corporations.

The passage of tax reform legislation could change the landscape of charitable giving for some households, but the majority of our clients have benefited from a booming stock market and are enthusiastic about exploring meaningful charitable giving opportunities.

Donor-Advised Funds, where donors receive an immediate tax benefit and can make suggestions about where the money goes, is the #1 rising trend. Now is the time to get in touch with us about adding to, or participating in, donor-advised funds for this tax year.

As always, let the real meaning of “stewardship” remain the driving force for your charity and reason for giving.

Stewardship and Discipleship

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his Own AlreadyWhen we think of stewardship, we think of taking care of something. Stewardship could be defined as: where the concept of faith, works and economics intersect.

In the book Mere Christianity, C.S. Lewis wrote:

Every faculty you have, your power of thinking or of moving your limbs from moment to moment, is given you by God. If you devoted every moment of your whole life exclusively to His service, you could not give Him anything that was not in a sense His own already.

So what does stewardship look like in our modern daily life? We often refer to Deuteronomy 8:17-18 where we are reminded not to say, “It is my own power and the strength of my own hand that has got me this wealth…” but “the Lord, your God, for he is the one who gives you the power to get wealth…”

We find our strength in Colossians 3:23-24:

Whatever you do, work at it with all your heart, as working for the Lord, not for men, since you know that you will receive an inheritance from the Lord as a reward. It is the Lord Christ you are serving.

On our journey to be good stewards of our opportunities, we also strive to be good disciples by reminding ourselves that all that we do, we do for Him and that all we achieve with our clients’ investment choices are, in a sense, His own already.

Families and Wealth

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Advisors are who people turn to for guidance about charitable giving. A recent study from U.S. Trust and The Philanthropic Initiative found that advisors sometimes fail to put more emphasis on an individual’s or family’s experience with their wealth, and overestimate the importance of tax benefits as their motivation for giving.

Albeit the survey included not just wealth advisors, but also trust and estate attorneys, accountants, and other tax professionals, it is still notable that clients care about their advisor’s ability to discuss personal values and how these values affect their personal investment, giving, and charitable goals.

wisely-invested money growingClients want their advisor to give advice based on personal motivations for giving, a passion for a cause, the effect that their giving has on their community and a strong desire to give back.

Clients want to be connected to nonprofit organizations that share their passion, and they want to know their gifts are being used wisely. We believe that not spending time exploring a family’s experience with their wealth—and digging deep to find motivation to help nonprofits whose missions “connect” with an event or situation personally experienced—can mean missed opportunities for donors to do good in areas that are important to them.

At the Stewardship Foundation, it’s clear that we are passionate about our four tenets: respect for life, marriage being between a man and a woman, religious freedom, and rights of conscience. We believe that it’s our responsibility to care for the poor, the sick and the disadvantaged, and for every woman, man, and child whose life is impacted with lack of education, opportunity and freedom.

We believe in transformational giving, the kind that comes from the heart, and that changes lives in our community and in the greater world. We are firm in our commitment to knowledge about structured giving—charitable trusts, donor-advised funds, and the rest—but in practice, we believe it starts with a balanced conversation between the technical tools to reach financial goals and the personal reasons for doing so.

If you’d like to explore your family’s experience with wealth to better charter your giving, please call us at (614) 800-7985 and please share this with someone you believe might benefit from our balanced advisory services.