To Give or Not to Give in The Giving Tree by Shel Silverstein

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In his early childhood, a boy spends his time playing with his favorite tree, climbing its trunk, and swinging from its branches. As the boy approaches adolescence, he desires money and the tree yields its apples for him to sell. At adulthood, he yearns for a home and the tree offers its branches for the man to build his home. At middle age, he asks the tree for a boat and the tree offers its trunk, which the man cuts to build his boat. During his final years, the old man asks the tree for a quiet place to sit and rest, and the tree offers its stump.
The Giving Tree by Shel Silverstein is a simple story but one that poignantly illustrates the complex philosophical discussion concerning the act of giving and taking. The inimitable question: To give or not to give? The decision to give is a serious matter – a crucial question that many wealthy families will ask themselves when considering to incorporate family philanthropic goals in their wealth planning. Family giving is a choice and one that is flourishing in our communities. According to a 2012 Giving USA annual report, charitable giving grew almost 4% and corporate giving rose by 12% . Moreover, the results of the 2011 World Giving Index Report ranks the United States as the #1 most generous country in the world. These study findings clearly illustrate that, even in these hard economic times, the American spirit of generosity is alive and growing. What has changed and is currently evolving is the way individuals give. According to Matthew Bishop, co-author of the groundbreaking book Philanthropcapitalsm, wealthy families are beginning to give at an earlier age and their giving is more impact driven. So what benefits does giving offer? How can wealthy individuals ensure their fa...

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... corollary helps the preservation and legacy of the donor’s philanthropic intent.
The intent to give mindfully is an example of one’s excellence. Without rumination and the guidance of a trusted team of wealth, tax, and legal counsel, gifts may become monetary transfers that simply fulfill a lifetime gift exclusion requirement. However, working with your trusted advisors on a mission statement and your philanthropic planning can allow others to understand the motivations for giving and help the giving to be more enduring and impactful. Giving wisely transforms the lives of both giver and recipient, offering opportunities to self-actualize, develop deep connections among family members, perpetuate a multi-generational family legacy, and provide a platform for a family to communicate shared values, and use its wealth to build a meaningful bridge with their community.

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