The Financial Planning Blog
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The Bridge’s Planned Giving Society, Builders for the Future, honors donors who have made a bequest or other planned gift to support their future and build a legacy for future generations. Greg Hammond, president of Hammond Iles Wealth Advisors is a strong advocate of planned giving as a way to create a legacy that reflects one's personal values. He and his wife, Karen are West Hartford residents and long-time Bridge Family Center supporters.
Generosity is a mindset and a way of life. It's about far more than just giving money, and it is a great tool to teach younger generations about legacy. Growing up, my father and I never really discussed being generous, but he showed me in so many small ways that it has become his living legacy―and now, I am making it my life's work to share the message. It seems that lessons learned best are lessons practiced.
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Today's culture tells us we need a lot of money to live a happy and successful life. Sure, having enough money to meet our basic needs increases happiness, but more money won’t turn an unhappy life into a happy one. Consider that the United States is nearly three times as rich today as it was in 1970, but according to most surveys, Americans were just as happy then as they are now.
Twice a year the Pacific Life Foundation awards twenty $5,000 grants to nonprofit organizations that financial advisors who work with Pacific Life are involved in. As a member of the Connecticut Children's Medical Center Advisory Board, Greg Hammond CFP®, CPA recently applied for a Pacific Life Partner Grant on their behalf. Pacific Life Foundation selected our application and the Connecticut Children's Medical Center Foundation received a $5,000 donation. The Pacific Life Foundation was established in 1984. Together with Pacific Life companies, the Foundation has contributed more than $77.9 million to community and national nonprofit organizations that address a broad spectrum of social needs.
Monday, June 9 was a big day for golf at Hammond Iles Wealth Advisors, helping to raise over $51,000 for charity. Hammond Iles sponsored Bernie's Tournie, held in honor of late client, Bernie Martinelli at Ballantyne Country Club in Charlotte, NC, and the 24th Annual Camp Ruggles Golf Tournament at Metacomet Country Club in East Providence, RI.
Charitable giving provides benefits for the non-profit organization receiving the gift and for you. Are you currently giving in the most efficient and beneficial way? You can free up additional funds for charitable giving by being more effective with your charitable donations. Avoid these 5 common mistakes so you can give more and make a greater impact on the causes and nonprofit organizations you care about.