In a 1789 letter, Benjamin Franklin wrote, “our new Constitution is now established, and has an appearance that promises permanency; but in this world nothing can be said to be certain, except death and taxes.” It makes one wonder if Mr. Franklin could have imagined the varied tax rates that would apply over the coming […]

There are countless statistics proving that Americans have not traditionally saved enough prior to their retirement years. Even though total assets in retirement accounts have now breached $26 trillion, the average employee’s 401(k) balance rests around $100,000, which is a little light for 30-40 years of retirement. In an effort to assist with this well-documented […]

Private enterprise is often lauded for the speed at which it recognizes and addresses society’s needs. However, the seeming failure of the business community to recognize and respond to the climate crisis and other mounting sustainability challenges has caused some to question whether business will play a positive role in addressing environmental challenges. Below, we […]

If you read the Michigan Trust Code (admittedly not a particularly riveting read!), you will frequently encounter the terms material purpose. A trust’s material purpose will guide a trustee in the administration of the trust. If a probate judge is called upon to interpret the trust instrument, or the judge is asked to order a […]

The ever quotable Yogi Berra, who brought us such philosophical gems as “when you come to a fork in the road, take it,” and “you can observe a lot just by watching,” is also credited with the insightful idiom that “predictions are difficult, especially when they’re about the future.” This difficulty in predicting the future […]

Integrity first, service before self, and excellence in all we do are the core values that each Airman commits to when joining the Air Force. At Greenleaf Trust, we also have core values that all new team members make a commitment to before joining our team. Greenleaf Trust’s core values form the foundation of how […]

When was the last time you reviewed your retirement account beneficiary election? Many people forget to update their beneficiary after important life events such as marriage or divorce. However, it is very important to ensure your retirement beneficiary information is current. Greenleaf Trust makes updating your beneficiary information easy by offering an online option to […]

In late May 2019, with bipartisan support, the House of Representatives passed the SECURE Act (Setting Every Community Up for Retirement Enhancement Act) by a vote of 417-3. This legislation, if passed, is likely to have an impact on workers, retirees, and heirs. The SECURE Act aims to improve the nation’s retirement system by providing […]

Do you remember writing book reports in school? I often felt the structure of the specific questions, required formatting, and deadlines associated with the report took away from the enjoyment of actually reading the book. The joy in reading for me has always been the creative thoughts inspired by the content of the book, not […]

It seems fitting to me that a man whose last name was Greenleaf first coined the term “servant leader” in 1970. Robert Greenleaf’s concept was that a servant leader focuses primarily on the growth and well-being of people and the communities to which they belong. While traditional leadership generally involves the accumulation and exercise of […]

In our 2018 year-end seminar we recapped a period where almost every major asset class posted disappointing returns as investors grew increasingly concerned by the prospect of a global economic slowdown. We also provided our outlook for the key themes we expected to influence markets in the near- term, and the capital market assumptions shaping […]

What employers can do to help employees to utilize benefits as they near and enter retirement. For many years, you have helped employees save for their retirement by offering an employer sponsored retirement plan benefit. You have encouraged savings through ensuring education sessions were held, individual consultations were available, and maybe even set up automatic […]

Volatility in the financial markets has increased, and the returns that we expect from equity and fixed income markets globally are lower than over the recent market cycles. What are the topics that should be on the meeting agenda for the Finance and Investment Committees for nonprofits? Sustainable Spending Rates One of the more difficult […]

Over the decades many families purchased life insurance, either to act as an income replacement vehicle when the breadwinner died, or to provide immediate liquidity to pay federal estate taxes on the breadwinner’s death. With the 2017 Tax Act’s temporarily doubled federal estate tax exemption amount to $11.4 million per individual, many believe that they […]

A strong nonprofit sector is critical to the success of any community. Yet, there is an inherent power dynamic that enters many of the conversations between funders and the potentially fund-receiving nonprofits which can hinder the development of open and trusting relationships. To truly provide impactful support to our community, funders must recognize this dynamic […]