To spend down or not spend down: Preview

If you are donating to worthy causes, I am guessing you’ve asked yourself whether to give it all away in your lifetime, or over a set period of time. This is what’s called “spending down” in philanthropic circles. This month Sybil is going to investigate the right conditions to spend down, versus the benefits of investing your assets so that you keep giving to the cause you care about in perpetuity. Whether one of these strategies is better than the other is hotly debated in philanthropic circles. Sybil works with both types of philanthropic clients - the spend-down kind and the in-perpetuity kind - and she is here to tell you that there is no one right way here, just a series of pros and cons depending on how you want to show up for the cause you care about and the nonprofits you support.There is already a lot of material out there that discusses the issue of spending down but most of it is too strident about one way that is the “right” way to go. That’s why Sybil is entering the fray to talk overall about the pros and cons so you can decide for yourself what’s best for you.{You can hear the full episode on Monday, March 6th}