It’s Giving Tuesday: Charity Strategies the Wealthy Can Apply

When markets are down and interest rates are high, philanthropy can take a hit. Here are some ways that affluent consumers can make the most of their charitable giving.

An adult cups her hands around the hands of a child who's holding a heart knickknack.
(Image credit: Getty Images)

Giving Tuesday, a global generosity movement that occurs every year on the Tuesday after Thanksgiving, is an annual reminder within the high-net-worth community to support the causes you care about. Giving strategies are common among affluent households, but like any aspect of a financial plan, they evolve along with market activity and philanthropic trends.

Trends show that total giving appears to be down this year, and that has some outside observers concerned. What is occurring within the philanthropic space, and how can you enhance your own giving plan? I gathered input from the NEPC Private Wealth team to identify the key trends and best practices worth focusing on this Giving Tuesday.

Subscribe to Kiplinger’s Personal Finance

Be a smarter, better informed investor.

Save up to 74%

Sign up for Kiplinger’s Free E-Newsletters

Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.

Profit and prosper with the best of expert advice - straight to your e-mail.

Sign up

This article was written by and presents the views of our contributing adviser, not the Kiplinger editorial staff. You can check adviser records with the SEC or with FINRA.

To continue reading this article
please register for free

This is different from signing in to your print subscription

Why am I seeing this? Find out more here

Karen Harding, CFA
Partner, Team Leader of NEPC's Private Wealth Practice Group

Karen Harding is a Partner and the Team Leader of NEPC’s Private Wealth Practice Group. She is also a member of NEPC’s Governance Board, the Partners Research Committee and Women’s Leadership Forum. She has provided over 27 years of investment advisory services to wealthy families and individuals, advising clients to set strategies, develop policies and construct customized portfolios to meet their needs.