Investment News: “Clients seek more advice about philanthropy”

Liz Skinner quotes John McManus in her Investment News article, “Clients seek more advice about philanthropy”:

Financial advisers play an increasingly important role in helping wealthy clients get the most bang for their philanthropic bucks. Increased scrutiny on philanthropic organizations is prompting individuals and families who give to non-profit groups to investigate whether their money is producing results.

Donors should examine organizations’ financials to see how much of their money is actually going toward the work of the charity, as opposed to administrative costs, said estate attorney John McManus, founding principal of McManus & Associates.

“Donors are looking for real, true examples of how their money is going to be applied,” he said.

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