Passing on Important Values

Learning about philanthropy and giving back to your community are important—and sometimes overlooked—steps in becoming moneywise. Introducing your kids to the concept of philanthropy can be as simple as talking about your own volunteer work or encouraging them to donate some of their savings to an important cause. Like saving and investing, charitable giving will ideally become second nature.

So What's in It for You?

Convincing teenagers of the importance of philanthropy probably won’t be difficult. But convincing them to make it an ongoing habit might be more challenging. When talking with your kids about philanthropy and volunteering, keep in mind that giving back to the community:

• Helps your child view the world through a broader lens.
• Gives your child an opportunity to experience what it feels like to have a positive influence or help someone less fortunate.
• Offers you as a parent a meaningful opportunity to reinforce important values.

Read on for five tips to help make philanthropy an important part of your family’s life.

 

For more information, articles and resources on raising charitable kids and incorporating philanthropy into your financial plan, visit the Schwab Charitable™ website at www.schwabcharitable.org.

Schwab Charitable™ is the name used for the combined programs and services of the Schwab Charitable Fund™ and Charitable Trust Services. Schwab Charitable Fund is the operating name of the Schwab Fund for Charitable Giving®, an independent nonprofit organization. Schwab Charitable Trust Services is a limited liability company owned by the Schwab Fund for Charitable Giving that provides trustee services for charitable trusts. The Schwab Fund for Charitable Giving has entered into service agreements with certain affiliates of The Charles Schwab Corporation (Charles Schwab & Co., Inc. and Charles Schwab Investment Management, Inc.). It is an independent nonprofit organization.

The information provided here is for general informational purposes only and should not be considered an individualized recommendation or personalized investment advice. The type of savings and investment strategies mentioned may not be suitable for everyone. Each investor needs to review a security transaction or strategy for his or her own particular situation. The examples mentioned are for informational purposes only and not intended to represent results you should expect in the future. Data contained here is obtained from what are considered reliable sources. However, its accuracy, completeness or reliability cannot be guaranteed.