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Learning From a Legacy

Philanthropic Giving

January 13, 2023

“Philanthropy is commendable, but it must not cause the philanthropist to overlook the circumstances of economic injustice which make philanthropy necessary.”1

 

On January 16, America celebrates the legacy of Reverend Dr. Martin Luther King, Jr. In addition to his well-known civil rights activism, Dr. King was a proponent of financial literacy, identifying financial independence as a source of freedom. He believed that social inequality was driven by poverty, and he encouraged his audiences to bolster their aspirations with sound economic principles: understanding debt, spending wisely, and not competing with one’s neighbors through excessive materialism.

The Moneta Charitable Foundation focuses on financial literacy and economic access, in alignment with Dr. King’s advocacy. Our team members volunteer in classrooms and partner with nonprofits that teach healthy money habits, supporting practices that will last a lifetime.

Moneta thanks our clients for their ongoing philanthropic and community investments, and we will continue to actively support financial education and asset-building to support our neighbors in the St. Louis area and beyond.

1 Strength to Love, 1963

© 2023 Advisory services offered by Moneta Group Investment Advisors, LLC, (“MGIA”) an investment adviser registered with the Securities and Exchange Commission (“SEC”). MGIA is a wholly owned subsidiary of Moneta Group, LLC. Registration as an investment advisor does not imply a certain level of skill or training. The information contained herein is for informational purposes only, is not intended to be comprehensive or exclusive, and is based on materials deemed reliable, but the accuracy of which has not been verified.

Trademarks and copyrights of materials referenced herein are the property of their respective owners. Examples contained herein are for illustrative purposes only based on generic assumptions. Given the dynamic nature of the subject matter and the environment in which this communication was written, the information contained herein is subject to change. This is not an offer to sell or buy securities, nor does it represent any specific recommendation. You should consult with an appropriately credentialed professional before making any financial, investment, tax or legal decision. All investments are subject to a risk of loss. Diversification and strategic asset allocation do not assure profit or protect against loss in declining markets. These materials do not take into consideration your personal circumstances, financial or otherwise.

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