In this month’s Willis & Machnik Wealth Management Spotlight, Pat and Dan discuss various strategies, plus give an update on the Phil & Pat Willis Foundation’s activities.

Many donors look at their charitable efforts and wonder:  Does the nonprofit I’m supporting really have an impact?  What can I do to make my philanthropy more effective?   How do I involve my kids in our charitable efforts?  How can I pass more than money on to the rising generations?

Donors who wish to truly maximize the impact of their giving must develop a strategic rather than a random approach to philanthropy. Becoming an effective philanthropist (rather than merely a generous donor) means planning to optimize the efficacy of giving. Many of the same intellectual resources and rigor that were used to earn money in the first place should be applied to philanthropic efforts to distribute that money. Research, analysis, strategy, organized implementation, evaluation and adjustment are critical investment tools which, when also applied to philanthropy, can achieve better results.

As with any important decision — investment, business or personal — a thoughtful longer-term strategy enables you to determine what you want to achieve and how to do so effectively.

Being an effective philanthropist doesn’t depend on the amount of time or money you give, but rather upon how you approach your giving.

Check out this short  VIDEO

For more information visit www.WillisMachnik.com or www.PWilllisFoundation.org