Help Me Give it All Away!

Hilary Arnold

Hilary Arnold, a busy senior executive in the healthcare industry, has saved quite a bit of money over the years. In addition, she comes from an extremely wealthy family and is the beneficiary of several large trusts. Although Hilary is capable of managing her own wealth, she feels burdened by it and strongly believes it would be wrong to leave it all to her three daughters. Instead, she would like to give her money away to philanthropic causes and social endeavors. She is unsure of how to go about this and is looking for advice and assistance from a wealth management expert who has specific knowledge regarding a values-based investment strategy.

How Artemis Helped

  • We developed and implemented a low-cost and tax-efficient investment strategy consistent with Hilary’s goals.
  • We helped Hilary establish a donor-advised fund (DAF) to help disburse funds to the wide variety of charities she gives to on an annual basis. We showed her the benefits of using a DAF vehicle to save on taxes.
  • We introduced her to a philanthropic consultant who, along with our research, helped her create a process for grantmaking, establish a mission statement, and developed a strategic plan for her giving.
  • We worked with her and her estate attorney to establish a family limited partnership with her daughters — the purpose of which is to fund social entrepreneurial investments.
  • We helped Hilary reorganize her banking relationship.
  • We convinced her of the benefit of enrolling in her firm’s deferred compensation program.

How Hilary Benefited

  • Hilary is no longer letting her annual cash bonuses sit in money market accounts. Now, she is getting better returns on her investments because she has a partner who puts the money to work in a timely fashion.
  • We have helped her save on taxes.
  • Hilary feels more purposeful about her life because she has a game plan to use her money to benefit causes she believes in.
  • She is spending more time with her daughters who embrace the mission of social entrepreneurship.

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