November 11, 2015
Americans spend more than $500 billion each year during the holidays. Yet one of the most valuable gifts a child can receive this time of year is the experience of charitable giving.
Jason Stamm, Private Client Reserve Region President, oversees a team that advises high-net-worth families from Chicago and Minneapolis-St. Paul to St. Louis and Kansas City, Missouri. Stamm finds that many clients are striving to shape their family’s legacy around a set of core values. “The holidays are a natural time to inspire other family members to think about giving back,” he says.
Tie Giving to Involvement
Stamm recalls a client who gave his granddaughter the chance to make a small monetary donation as a holiday gift. In order to decide where she wanted to give her money, the young woman, a Milwaukee teen, was required to do preliminary research and visit the organization in person.
“She went online and found out there was an animal shelter in the local community,” Stamm says. She got a tour, where she learned about sheltering dogs, cats and other animals.
The grandparents wanted future generations to recognize the opportunity they had to make a difference in the world. Stamm explains that though that first experience with philanthropic giving was more than 15 years ago, it had lasting results. Now an adult, the granddaughter is on the board of the shelter where she made her first donation.