Philanthropic advising - Financial definition

Philanthropic advising encompasses a range of services aimed at helping philanthropists and foundations effectively deploy their resources to achieve their social and environmental objectives. This may include developing philanthropic strategies aligned with the donor's values and goals, assessing the impact of charitable donations or investments, navigating complex tax and legal considerations, identifying suitable charitable recipients or investment opportunities, and monitoring and evaluating the outcomes of philanthropic initiatives.

Philanthropic advisors often work closely with clients to tailor solutions to their specific needs, considering factors such as risk tolerance, time horizon, desired level of involvement, and desired social or environmental outcomes. They may also provide guidance on leveraging philanthropic capital to drive systemic change, collaborating with other donors or stakeholders, and measuring the effectiveness of philanthropic efforts over time.

Examples of philanthropic advising services include donor-advised funds, impact investing platforms, family office philanthropy services, and consulting firms specializing in philanthropic strategy and impact measurement.