New Trend in Charitable Giving Favors Local Economy

By Mike Switzer

Published July 5, 2018 at 5:46 AM EDT

Charitable giving continues to evolve as tax laws change and economies cycle up and down. And our next guest says that new trends can also be a factor. One that she is seeing now, not only locally but nationwide, is that donors want to see local impact results.

Mike Switzer interviews Christa Divis, chief financial officer for the Coastal Community Foundation in Charleston, SC.

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Mike Switzer

After almost 20 years, Mike Switzer retired from Wells Fargo Securities in 2001 as Senior Vice President/Investment Officer and Certified Portfolio Manager. In 1999, he and his wife, Maggie, purchased and operated for eight years the Baskin Robbins ice cream store on Forest Drive in Columbia. They grew the store from a bottom-tier operation in the Baskin Robbins franchise system to one in the top 5% nationwide within three years, tripling sales along the way. While operating the ice cream store, Mike and Maggie received patents for a portable ice cream sink and fold-down sneezeguard they invented and in 2002 started Magnolia Carts, an ice cream cart manufacturing company, which they sold in 2013.

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