Edit ModuleShow Tags

Giving is good -- and good for you


Published:

I recently sponsored a symposium on philanthropy hosted by the Pikes Peak Community Foundation, held at the spectacular Garden of the Gods Club in Colorado Springs. One of the sessions focused on the health benefits of giving. As Jesse Antin of the Greater Good Science Center in Berkeley said, “We all know that philanthropy feels good, but as it turns out, it’s actually good for you.”

Health Benefits of Philanthropy
“Recent research has shed new light on Darwinism, demonstrating that the fittest survivors practice compassion,” he said. Antin went on to present new studies that show how philanthropy works with our biology to improve our health and extend our lifespan. Giving may improve physical health and longevity because it helps decrease stress, which is associated with a variety of health problems.

The hormone oxytocin is also released in the body when you give, inducing feelings of warmth, euphoria and a connection to others. Recent studies show that giving to others can help ward off heart disease twice as much as taking an aspirin. People who help others report fewer aches and pains, have more energy and feel stronger.

By contributing time or money to a charitable cause, our generosity and abundance is able to produce far-reaching effects on the well-being of others, as well as on our own personal happiness.

Charitable Giving Offers Tax Benefits
Most charitable gifts provide you with a current year income tax deduction. There are several types of charitable beneficiaries including public charities, pooled income funds, private foundations, donor-advised funds and Charitable Remainder Trusts.

Charitable Remainder Trusts: A Smart Way to Leave a Legacy
One effective and popular choice for individuals who wish to leave a lasting legacy to their favorite charity, but also reap various financial benefits is the Charitable Remainder Trust. In exchange for a future gift to charity, the charitable remainder trust provides you with several major tax and economic benefits. A Charitable Remainder Trust allows you to:

 Defer capital gains taxes
 Increase diversification and cash flow
 Receive a current-year federal income tax deduction
 Reduce future estate tax liabilities

The Pikes Peak Community Foundation offers a number of philanthropic services as well as a staff of philanthropic experts to assist donors with research, grant-making, and other administrative tasks.  Visit their website for more information at www.ppcf.org.

Edit Module
Jeffrey Jensen

Jeffrey Jensen is a Senior Vice President – Wealth Management with the Global Wealth Management Division of Morgan Stanley in Colorado Springs.  He can be reached at Jeffrey.L.Jensen@morganstanley.com or (719) 577.6321.

Get more of our current issue | Subscribe to the magazine | Get our Free e-newsletter

Edit ModuleShow Tags

Archive »Related Articles

Social media: Trust your strategists or summer employees?

l media is one of your brand’s most direct touch points with customers. It’s quickly becoming an arm of many brands’ customer service departments, as social media managers are frequently on the front lines when complaints or reports surface on social media. Plus, the content a brand proactively pushes out clearly shapes public perception.

How do you define your people puzzle?

A talent gap analysis illustrates the areas for opportunity and deficiency in terms of people and culture. It identifies the competencies and skills you need for future growth and compares those findings to those of your current employees.

Selfishness has a bad rap

Just like the phrase, “Put your oxygen mask on first before assisting others,” you need to take care of yourself if you are going to be an effective leader.
Edit ModuleShow Tags
Edit ModuleEdit ModuleShow Tags
Edit ModuleShow Tags Edit ModuleShow Tags
Edit ModuleShow Tags Edit ModuleShow Tags
Edit ModuleShow Tags Edit ModuleShow Tags