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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]We are at ~$7M NW in our early 50s. We feel secure and have no worries about money but we prefer to be flashy by giving large charitable donations because we love how that makes us feel. Just gave $2,000 to a local organization this past week and the director reached out personally to share her excitement. Great way to spend money when you have everything you need already. [/quote]

I don't give a lot to charity myself but I admire those who do and I think being flashy about it can inspire others to give.[/quote]

I do but it’s because we have a family foundation which is, in the end, as much of an estate tax work around as a desire to do good. Philanthropy is great but whenever people have a family foundation it may well be like Monopoly money to them. So curb your admiration until/unless you know more. [/quote]
DP 
This is so obvious yet somehow never crossed my mind when I too had admiration for foundations[/quote]

Yeah, in fact we give less of our actual personal money to charity as a result (because we can use foundation funds). The money in the foundation was never really in our hot little hands. I’m sure some people load their family foundations with money they could otherwise spend, but a lot of the time not. [/quote]

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