Cynthia D. Brittain recently spoke to Wealth Management about the trend of wealthy clients gifting larger amounts to charity, in light of Ruth Gottesman donating $1 billion to the Albert Einstein College of Medicine in the Bronx, N.Y.
“It is wonderful to witness such generosity,” Cynthia tells Wealth Management. “Wealthy clients today are considering larger and larger gifts to charity, and in practice, I see these gifts as being most impactful when contributed during the donor’s lifetime so that they can comment. It helps stir the trend,” she explains.
“We expect to see more large gifts to trust and large gifts to charities in the coming year,” she added.
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