Ivy League Advice

TPI's study, Doing Well by Doing Good, written by Vice President Steve Johnson and Senior Fellow, Charles Collier, are featured in this article written by Dan Rottenberg for Bloomberg Wealth Manager on planned giving.

"The groundswell in planned giving isn’t confined to elite universities. Many of the same techniques are being deployed at not-for-profit organizations ranging from the Nature Conservancy to the Mayo Clinic, from the Archdiocese of New York to the Greater Miami Jewish Federation, from Massachusetts General Hospital to St. Jude’s Children’s Research Hospital. The movement grew out of a perception, nurtured in the 1990s stock market boom, that “there’s a huge hunger by the wealthy to talk about the nonfinancial aspects of wealth,” as Collier puts it.

The reason for that hunger is suggested in a 2000 study, Doing Well by Doing Good, published by the Philanthropic Initiative, a not-for-profit consulting firm in Boston. The study found that more than 50 percent of personal financial advisers don’t discuss clients’ personal or social values with them or help them develop a philanthropic mission."