How families can figure out where they can do the most philanthropic giving while strengthening their own bonds.
Like any global crisis, covid has both exposed longstanding social problems and economic problems and created new ones. This has been reflected in philanthropic giving over the past year or so, with many donors increasing their giving to hunger relief organizations and efforts to fight the pandemic. Donations to other causes, however, such as non-covid-related illnesses and medical research, declined in 2020, largely because their primary ways of raising money, such as galas and marathons, were canceled. The arts were the hardest hit due to the closures of theaters, live music venues and museums, while, as this Wall Street Journal article reports, there are countless smaller nonprofits going under because of cuts to government funding. Philanthropy has also been affected by the organic shift in priorities that occurs as each new generation comes of age. Boomers, who still…