Market Commentary
Domestic equities were positive in May, with smaller cap stocks outpacing their larger counterparts. Economic news had offered a mixed picture, where housing has benefitted from new home sales and construction while consumer spending has failed to pickup despite low oil prices. International markets cooled in May, with developed international equities flat and emerging markets ‐3.6%. Europe's economy continues to show improvement, boosted by a weaker currency and lower oil prices, though is still dealing with the Greek bailout issue. Interest rates rose again in May, which proved to be a headwind for core intermediate bonds, which lost 0.2% during the month.

 
 
Today more than ever, charitable institutions stand to benefit as the first wave of baby boomers reach the stage where they're able to make significant charitable gifts. If you're like many Americans, you too may have considered donating to charity. And though writing a check at year-end is one of the most common ways to give to charity, planned giving may be even more effective.