Tax Proposal Could Revamp Charitable Sector in New Zealand

Philanthropic advising is experiencing significant growth, with advisors facilitating average charitable contributions of $50 million, driven by an increase in donor-advised funds and private foundation assets. Al Mueller, who founded Excellence in Giving in 2002, emphasizes the importance of guiding donors to ensure their contributions have a meaningful impact. Michael Moody from Indiana University's Lilly Family School of Philanthropy notes that the industry has expanded considerably, with nearly 2,000 individuals identifying as philanthropy advisors on LinkedIn. The evolving role of advisors highlights the need for their expertise in navigating the complexities of charitable giving. As the landscape of philanthropy shifts, the effectiveness and integrity of advisory services are becoming increasingly critical to donor confidence and engagement. Overall, the sector is poised for further developments as advisors adapt to the changing demands of high-capacity givers.