Profit Meets Purpose: Utilizing Captive Insurance to Support a Legacy of Philanthropy
The recent article published by The TJB American Business Magazine, “Profit Meets Purpose: Utilizing Captive Insurance to Support a Legacy of Philanthropy,” by Randy Sadler, Principal Chief Marketing Officer at CIC Services, highlights how captives can help business owners build a legacy of generosity and social responsibility that transcends generations.
Captive insurance companies are primarily recognized for managing risk and controlling costs but also have significant philanthropic potential. Beyond safeguarding financial stability, captives can facilitate meaningful charitable giving, allowing businesses to protect their bottom line while creating a lasting social impact. It allows them to underwrite their own risks, potentially reducing costs and generating profits that can be directed toward charitable purposes, offering a sustainable and tax-efficient source of philanthropic funding.