Many people without children wonder how their legacy will take shape. Rather than focusing on biological heirs, they often find freedom to channel their resources, time, and values toward the broader community. Indeed, Americans over age 50 without children are more than four times as likely as parents to have a charitable estate plan. If you fall into this group—or advise family members who do—take a moment to consider adopting an intentional philanthropic strategy.
Reach out to our Foundation team anytime for a conversation! Here are three themes we’ll consider as we begin our dialogue:
Treat charitable giving as an expression of identity. For people without children, the causes they champion often become extensions of their values and impact. A fund at the Foundation can bear the name of its donors or something else entirely to represent the priorities of its founders. Examples of fund names include “Smith Family Fund,” “Building Stronger Communities Fund,” “Animal Welfare Innovation Fund.” The choice is yours!
Integrate charitable planning into estate planning. People who do not have children often have greater flexibility in determining how their wealth will create lasting impact beyond their lifetimes. By integrating charitable planning into their estate and financial strategies, they can direct resources toward causes that reflect their values and ensure their legacy benefits the broader community. We will discuss ways to involve your estate planning advisors in structuring charitable plans with the Foundation’s help.
Branch out to extended family. Without the generational handoff of children, people without children might have flexibility most donors don’t. This can mean involving nieces, nephews, other younger relatives, or community members in the philanthropic journey. Remember, when you establish a DAF at the Foundation, you can name successor advisors to advise your fund in the future.
Whether or not you have children, the Foundation is a sounding board and resource every step of the way. Please reach out to learn more about how we can help you and your family build a charitable plan that is tailored to both your personal and family philanthropic goals.