Parents should consider talking more to children about the causes they support and the efforts they make to support those causes.
The Northwestern Mutual Foundation, an affiliate of Northwestern Mutual Life Insurance Company, Milwaukee, makes that case in a commentary based on results from an informal survey of 1,011 children who visited the foundation’s financial literacy website, Themint.org, in November and December.
Children who visit a financial literacy would seem likely to be more aware of their family’s finances than most other children, but only 23% said their parents talk about the causes and organizations they support.
Only 36% of the children said they know what their parents do to support favorite causes.
About 18% of the children said their parents donate volunteer time, and 10% said their parents donate money.
In other philanthropic news:
- The Colorado arm of WellPoint Inc., Indianapolis (NYSE:WLP), which does business under the name Anthem, says it and its corporate foundation gave about $605,000 to Colorado charities and civic groups in 2010.
Anthem employees in Colorado contributed a total of about $151,000, and the corporate foundation in the state provided about $75,000 in matching contributions.
- Humana Inc., Louisville, Ky. (NYSE:HUM), is marking the completion of its acquisition of Concentra Inc., Addison, Texas, by giving a total of $100,000 to communities served by Concentra health care facilities.
Concentra operates medical centers in 42 states and about 240 worksite clinics.
The nonprofit groups that received grants related to the completion of the Concentra deal include the Make a Wish Foundation Georgia, Atlanta; Metropolitan Family Services, Chicago; Special Olympics Texas, Dallas; the Patrick Dempsey Center for Cancer Hope and Healing, Lewiston, Maine; and Junior Achievement of Arizona, Tempe, Ariz.
- CAFAmerica, Alexandria, Va., an organization that helps set up vehicles that promote international philanthropy, says its CAF American Donor Fund is now recognized as an “Algemeen Nut Beogende Instelling” by Dutch tax authorities.
The designation means taxpayers in the United States, the United Kingdom and the Netherlands can use the fund to make charitable gifts that qualify for tax deductions in all three countries, CAFAmerica says.
Because top tax rates are higher in the Netherlands than in the United States, the deduction could be especially helpful to Dutch taxpayers who want to make tax-deductible charitable gifts to U.S. organizations, such as U.S. colleges and universities, CAFAmerica says.
- Allison Bell