Establishing a trust and designating Mercatus as a beneficiary is an effective way to ensure your legacy giving is carried out according to your wishes.
Steve, a successful entrepreneur in the financial services industry, knows firsthand that regulations, taxes, and other government-created obstacles stifle innovation and prevent products and services from entering the market. He and his wife, Lana, are passionate about and focus their philanthropy on organizations that educate others about the power of free markets and limited government.
According to Steve, "Many people give money to various good causes, but it seems to me if you are really trying to reduce poverty, help human flourishing, improve people's health, all of those things, that the best way to do that is to have institutions that support free markets, personal liberty, property rights—and the rest will pretty much take care of itself."
The couple set up a foundation so that their estate will be managed by trustees who understand their desire to continue supporting organizations, such as Mercatus, that champion the public policies they believe in.
