Many thanks to the Wall Street Journal and Chronicle of Philanthropy for covering our launch today!
In the Wall Street Journal, by Shelly Banjo:
Stannard-Stockton says he’s taking a different approach from many small philanthropic consultants and from large firms such as Bank of America Merrill Lynch and J.P. Morgan Chase & Co. (JPM) that offer clients these services.
"The old model of philanthropy consultants who offer outsourced staffing services or bill by the project is not well-suited to the needs of most major donors," he said.
His firm plans to work directly with individual and family philanthropists, as well as offer services through wealth managers, tax accountants, family offices and estate planners.
Tactical Philanthropy Advisors will receive administrative back-office services from Schwab Charitable Fund, a unit of Charles Schwab. Corp. (SCHW), Fidelity Investments’ Fidelity Charitable Gift Fund, socially responsible donor-advised fund Calvert Giving Fund and Foundation Source Philanthropic Services Inc.
In the Chronicle of Philanthropy, by Ian Wilhelm
After three years of writing one of the nonprofit world’s most popular blogs, Sean Stannard-Stockton is creating a new company to help wealthy donors with their giving — a venture that grew out of his online discussions.
Mr. Stannard-Stockton, who writes the Tactical Philanthropy blog and is also an opinion writer for The Chronicle, announced today that he has formed Tactical Philanthropy Advisers, in Burlingame, Calif.
The company will help families or individuals with at least $1-million in philanthropic assets. So far, he says, it has signed up four clients with roughly $35-million to award to charity…
In addition to the company, he is starting an effort to get foundation officials to share what they have learned about giving with rich philanthropists, a connection Mr. Stannard-Stockton argues is sorely missing from the nonprofit world.
And thank you to the many, many of you who have emailed me your encouragement.