C3 Financial Partners

C&C with Philip Cubeta | Engaging and Conducting Conversations of Philanthropy in Turbulent Times:  Helping Boomers Hit Their Home Run Legacy

Who is your giving tribe?  If your family had a crest, what would be your motto?  Is there something else you wanted to do in life but haven’t?

These are only a few of the great questions Phil Cubeta shared during his inspiring presentation, Helping Boomers Hit Their Home Run Legacy.  Using a baseball analogy, clients and donors can navigate the “bases” and ultimately create their desired legacy.

People want to pass money and values on to their children at their death.  However, charitable organizations need money now.  Many have to close their doors because they do not have the funds to maintain the organization.  The good thing is, Boomers prefer to give while living, at least a portion of their wealth.

Phil walks us through how donors can give now, and later, and at death.

Philanthropic conversations begin at home, “first base,” where you decide how much is enough for you?  It’s important to make sure that there is enough for you.  You need to feel secure that you can live on whatever amount you decide upon.

Once that is determined, round to “second base” and decide how much is appropriate for your heirs.  How much is too much?  Only you can work this out, and your answer will change.  The Legacy Spectrum has a great worksheet to aid in this process.  Documents can, and should, be updated as situations change.

As you round to “third base,” you see what is left over (what you have minus what you want to leave your heirs).  This is where you determine your charitable capacity.  Is there a cause or organization that moves your heart, and what might you do to help them?

As you head towards “home base,” decide on the timing of your gift.  Do you want to see changes in your lifetime?  There are many charitable tools designed to help make your dreams become reality and help charitable organizations thrive today and after you are gone.  Be sure to add the charitable organization as a recipient in your Will.

Remember, “Memories fade, remembrances remain.” – author unknown

Phil’s discussion, Conducting the Conversations of Philanthropy in Turbulent Times, was very informative.  If you are interested in receiving a copy of his presentation, contact C3 at info@c3fp.com.

Contact Phil Cubeta
Philip Cubeta CLU<sup>®</sup>, ChFC<sup>®</sup>, MSFS, AEP, CAP profile image

The Wallace Chair in Philanthropy
The American College of Financial Services
@PhilCubeta

Philip Cubeta is the Sallie B. and William B. Wallace Chair in Philanthropy at The American College of Financial Services, where he directs and teaches in the Chartered Advisor in Philanthropy® (CAP®) program.

Essays by Cubeta on philanthropy have appeared in Nonprofit Quarterly; Tracy Gary’s Inspired Legacies (Wiley and Sons: 2008); H. Peter Karoff, The World We Want: New Dimensions in Philanthropy and Social Change (Altimira Press: 2007); and Amy Kass, Doing Well Doing Good: Readings for Thoughtful Philanthropists (Indiana University Press: 2008).  He has been quoted in, or been the subject of, articles in The New York Times, The Journal of Gift Planning, Lifestyles Magazine, Financial Planning, and the Financial Times.

Along with Charles Collier of Harvard, Cubeta was the 2012 Fithian Leadership Awardee from Advisors in Philanthropy.  He received the 2012 Power of the Purse Award, in the advisor category, from Dallas Women’s Foundation.  He also serves on the Planned Giving Advisory Board for The Carter Center (established by President Jimmy Carter and his wife, Rosalynn Carter).

Prior to joining The College, Cubeta served as Chief of Staff for The Nautilus Group, a service of New York Life Insurance Company providing estate, business, and philanthropic strategies to affluent clients through 200 of the company’s top agents.

Cubeta received a BA in English Literature from Williams College, an MA in Philosophy and Psychology from Oxford University, and an MA MPhil in English Language and Literature from Yale University.  He also holds the Master of Science in Financial Services (MSFS) degree from The American College of Financial Services.