HOW CAN I ENSURE MY PHILANTHROPY WILL HAVE MAXIMUM IMPACT?
When it comes to philanthropy and charitable giving, families of significant wealth have important questions and considerations:
- ‘Wealth has afforded me considerable opportunities. While I’ve given back over the years, I want to ensure my donations, gifts and contributions are strategic and impactful’;
- ‘Are personal or corporate donations best?’;
- ‘Should I start a private foundation?’;
- ‘How do I transmit the value of giving to the next generation?’ and many more.
While contributing to charitable causes makes us feel good, the process of allocating donations can sometimes be complex and sensitive – especially when there are so many worthy causes. The best way to ensure that your philanthropy is impacting those causes closest to your heart is to develop a giving strategy directed by a philanthropic mission and vision.
Richter Family Office helps you evaluate your strategy and ensures that your donations are made in the way that aligns with your objectives and offers maximum tax efficiency. Whether philanthropy is a new avenue for your family or if it’s been a long-time project, it’s a topic that requires many family discussions. At Richter Family Office, we work closely with you and your family to help establish and sustain your philanthropic strategy. Via RFO Capital Inc., we can also assist you in several ways to guide you through the decision-making process: portfolio management, governance, tax advisory and other essential services. Because we know that philanthropy goes way beyond finances, we also have access to a network of organizations in the community that can assist you in finding charities to suit your needs and any causes that you may wish to support.
On the more personal side, we are here to help you and your family navigate the decision-making process. Charitable giving can be a great way to transmit values to younger generations; it’s an opportunity to teach your children or grandchildren financial literacy and get them involved in activities that go beyond just amassing their own personal wealth, by sharing with others.
While giving back can be altruistic, it is also part of what defines your legacy. We will help make sure your giving strategy is on a solid foundation for the long term. It’s always a pleasure to help our families with their philanthropic work because giving back to our community can be the best reward of all.
KEY EXPERTSView all
Giving Back To The Community – Philanthropy
Charitable giving is often an expression of your core values; it represents you and your legacy to the community. It can also be a family project that brings the next generation into the fold in a meaningful way.
Preparing Your Next Generation – Financial Literacy Program
Richter’s Financial Literacy program is a customizable way to educate family members around key areas of family wealth and business management.
Creating And Managing Your Wealth
Since inception, we have been driven by independence and objectivity. We are not beholden to one investment solution or limited by the number of investment opportunities available to us.