At Alaska Wealth Advisors, we take pride in supporting the nonprofit organizations that strengthen Anchorage and communities across Alaska. Our 23 team members actively contribute to more than 30 nonprofits statewide.
Across the country, charitable giving continues to decline. Giving USA reports that total contributions dropped for the second consecutive year after adjusting for inflation. Locally, The Foraker Group’s recent nonprofit sector report notes that inflation is eroding the value of philanthropic giving, even in Alaska, and smaller nonprofits in the state are especially vulnerable to declines in support. In 2023, the Rasmusson foundation’s pause on grants impacted many local organizations in and outside the Anchorage bowl. Many local nonprofits now face tighter budgets while trying to meet growing needs. Organizations that feed families, mentor youth, and protect Alaska’s natural resources must stretch every dollar further.
In Anchorage, we see this challenge firsthand. Our community thrives when Alaskans look out for one another. When donations fall, essential programs slow down, and everyone feels the impact.
Thoughtful planning can reverse that trend. Families and businesses who plan their giving in advance can direct their resources toward causes that reflect their values. Rather than making last-minute year-end donations, they create a lasting strategy for impact.
Several tools make strategic giving easier. Donor-advised funds simplify ongoing contributions. Retirees can use qualified charitable distributions to lower taxable income. Donating appreciated stock increases impact while avoiding capital gains. Business owners can weave philanthropy directly into long-term succession or estate plans.
As Vice Chair of Bean’s Café, a local nonprofit that feeds thousands of meals annually, I see the power of intentional giving every day. Each meal served and each food box that goes home to families in need come from individuals and families who actively planned their generosity. Purposeful, consistent giving provides stability for the organizations that keep our community strong and vibrant.
At Alaska Wealth Advisors, we believe charitable giving tells a story about who we are and what we value. A clear charitable plan amplifies that impact and helps families teach younger generations the importance of giving back to our community.
Even as national giving trends decline, Alaskans continue to rise to the occasion. With a little foresight, charitable giving can strengthen our finances, enrich our lives, and build a stronger Alaska. Connect with our team at Alaska Wealth Advisors to create a charitable plan that helps you make a lasting difference in your community.
Dave Valdez, CWS®, CLU®, ChFC®, AIF®
Partner and Chief Operating Officer
Alaska Wealth Advisors, LLC is an investment adviser registered with the U.S. Securities and Exchange Commission. Registration does not imply a certain level of skill or training. More information about Alaska Wealth Advisors’ investment advisory services can be found in its Form ADV Part 2 and/or Form CRS, both of which are available upon request.
The opinions expressed are those of Alaska Wealth Advisors as of the date of publication and are subject to change without notice due to changes in the market or economic conditions. This material is for informational purposes only and should not be considered investment advice.
