When Patti and Steve Winegar sat down with their planner in 2017 to sketch out their financial legacy, they had two priorities: long term tax strategy and “giving more intentional, larger gifts to our core charities.” Patti was about to sell a company, so it was an important year to consider taxes carefully. And the […]
After years of building a career in banking, Kherrington lost his job following health complications, turning his life upside down. Choosing to take control and see the layoff as a new beginning, he moved to Chicago with a friend. But when that arrangement fell through, Kherrington found himself without housing, savings, or a support network. […]
In 2023, the executive director of a youth-serving nonprofit in Chicago got a call she had been dreading. The 12-month grant that had kept her after-school program running was ending. The program was working, graduation rates among participants were up, and families on the waitlist were growing. But the funder had moved on to other […]
When sharing wealth we generated in our own lifetimes, some of us just follow our hearts. That could mean simply responding to requests; hosting a table at the gala, raising the paddle at the auction. But when pondering what we will leave behind for future generations — in terms of both legacy and financial inheritance […]
What began as a one-day event for car enthusiasts has evolved into something more enduring — and instructive — for those interested in local philanthropy, strategic giving, and the long-term stewardship of wealth and values. Clearwater Capital Foundation’s 5th Annual Charity Supercar Show, held June 21 at the firm’s Hoffman Estates headquarters, brought together more […]
In October, we shared the story of the Carleo family, whose bank accounts were cleaned out to the tune of $130,000 after a mysterious phone call. The Carleos got their money back only after a little media attention. Thefts like what happened to them continue to proliferate — so it’s time to take extra precautions […]
You may know that the IRS allows us to deduct charitable gifts from our income taxes (if we itemize). But have you thought about the potential benefits — both to you and to your favorite causes — of gifting appreciated stock? Many people haven’t. While 75% of high-income taxpayers donate cash to charity, less than […]
It’s happened to many of us: The bank calls to warn you about suspicious transactions on your account. So when Donna Carleo of Redondo Beach, Calif., saw her Chase private banker’s name on her cell phone screen, she picked up and answered the questions. Had she authorized a purchase at an Apple store in Texas? […]
Considering joining one of Chicago’s exclusive members-only clubs? Whether you’re seeking a space for business, a luxurious retreat for pleasure, or a community that shares your philanthropic or recreation interests, these elite clubs offer a wealth of benefits. To help you find the perfect fit, we’ve curated a list of our top picks.Updated Aug. 21, […]
Looking for proof that living with “It’s a Wonderful Life” values can nurture great businesses as well as strong families and communities? Look no further than Ed Wehmer. As founder, president and CEO of Wintrust Financial Corporation, Wehmer is widely considered Chicago’s most successful banker. And you could say he’s an even more successful family […]
