Philanthropy literally means the love of humankind. It is in our best nature to reach out and support our neighbors. One of the ways this is expressed is through charitable giving. When we offer financial support to a nonprofit that is doing good work, we want to make sure that our donation is making a difference for those in need.

As you prepare to make a charitable gift there are three things to consider to help make sure your giving is impactful.

  1. You can look up most charities on websites like Charity Navigator or GuideStar. These sites can let you know if the charity is registered and tell you something about the financial health of the organization. Sites like these can give you valuable information about the effect your gift could have.
  2. You should be able to easily access the Annual Report of the charity you want to give to. Most organizations will offer a printed or online version of their annual report. This document will feature good information about their budget, their impact, mission, vision and goals. Many annual reports will also disclose the names of the Board of Directors. These pieces of information can be very helpful as you plan your charitable gift.
  3. Lastly, let’s think about mission alignment. You might receive dozens and maybe a hundred solicitations for charitable gifts every year. Yes, you might be able to give a little something to most of them. But, what if you could make a bigger impact by making a larger gift to only two or three nonprofits? This is where a personal or family philanthropy mission statement can be helpful. This document can guide your charitable decision to increase your overall philanthropic impact.

From all of us at Old National Wealth Management, thank you for your support of the nonprofit community. Your generosity is changing lives.

Talk to a Wealth Management advisor

We know that managing money is about more than simply trading stocks and bonds. It's planning for life's milestones, and adjusting those plans when necessary. At Old National Wealth Management, we invest the time to understand your goals and the discipline to manage your assets accordingly.

Investment instruments utilized by Old National Wealth Management are not FDIC insured, are not deposits or other obligations of Old National Wealth Management, Old National Bank, its parent company or affiliates, and involve investment risk including the possible loss of principal invested.

Investment and securities information presented herein is unique to Old National Wealth Management's approach to investment management. All information and opinions have been obtained from sources believed to be reliable and current at the time of publication, but are not guaranteed and do not claim to be a complete statement of all material factors. Examples or other representations made herein are for illustrative purposes and are not intended to be specific legal, tax, or investment advice and do not represent a solicitation.

Investments and strategies that may be presented may not be suitable for all investors. Old National Wealth Management Client Advisors and Portfolio Managers will work with interested parties to execute plans developed in consultation with their attorney or tax advisor.

The comments, views and opinions expressed herein are those of the author and Old National Wealth Management. From time-to-time, Old National Bancorp affiliates may issue reports or have opinions that are inconsistent with, and reach different conclusions from, this report. Old National Bancorp and its affiliates do not accept any liability for any direct, indirect or consequential damages or losses arising from any use of this report or its contents.