EPI Celebrates GivingTuesday

‘Tis the season of giving! Giving gifts to loved ones, giving yourself a break from work, and giving back to those in need. GivingTuesday was created in 2012 to encourage people to do good in their everyday lives. In 2020, 34.8 million people participated in GivingTuesday, this is a 29% increase over 2019 numbers. Additionally, in the 24 hours of GivingTuesday in 2020, over $2.47 billion was donated in the United States alone! As we celebrate GivingTuesday this year, we thought we would share how incorporating a charitable giving plan benefits you and your business.   

Incorporating Personal Values in Your Exit Plan

According to our most recent State of Owner Readiness Report, 52% of business owners had a written personal transition plan for what they would do after exiting their business. Of those owners, 39% plan to focus on philanthropic or civic duties after exiting.  

Charitable giving is a component of retirement planning and exit strategy that most owners agree is important. However, failing to properly plan for the amount you would like to set aside for charitable intent can cause rifts in your financial plan. Before exiting your company, consider what causes are important to you and your family. How would you like to support them?

What is Your Charitable Giving Plan?

As Joe Strazzeri, Co-Founder and Principal of Southern Carolina Institute and Partner of Strazzeri Mancini, LLP, teaches in our Certified Exit Planning Advisor program, 66% of owners are interested in learning about at least one topic that pertains to philanthropy, charitable trusts, socially responsible investing, or strategic giving plans. 

Landon Mance, a registered representative with Lincoln Financial Advisors and co-founder of Backbone Planning Partners, shares “Sometimes clients don’t even realize they’re charitably inclined. You have to ask them what causes, outside of work, are important to them. And then ask good follow-up questions to identify organizations, groups, charities, or the like that they’re contributing their time or money to.” 

A Focus on Philanthropy

Use this GivingTuesday to look into your charitable giving plans. According to Neon One and GivingTuesday, 82% of participating organizations use GivingTuesday to experiment or try something new in their philanthropic strategies. You can begin implementing a donation matching program in your organization, use the day to donate your company’s time by volunteering at a local charity with your team, or map out your charitable intent in your estate plan. There is no wrong way to donate your time, money, or resources to those organizations or individuals in need. 

The Exit Planning Summit Charity Giveback

EPI is thrilled to announce the return of The Exit Planning Summit! For the first time since 2019, Exit Planning Institute will host the industry-leading conference on Exit Planning! We are excited to welcome hundreds of Certified Exit Planning Advisors Sunday, May 1 – Tuesday, May 3, 2022, to Scottsdale, Arizona for a conference where top CEPAs come to build deep relationships, advance their skillset and knowledge, and share best practices. 

During each Exit Planning Summit, EPI and our partners select a charity to financially support. In the past four Exit Planning Summits, the Exit Planning Institute and its attendees have raised over $117,000 for four different charitable organizations in four different cities. This year, we will again sponsor a charitable organization during our Summit. 

Learn more about the Exit Planning Summit and register to reserve your spot at www.exitplanningsummit.com