The insider's guide to charitable organizations for donors and their advisorsDo you know when to use a private foundation, a donor-advised fund, or a charitable remainder trust or other charitable vehicle? Do you know the different tax benefits, limitations, and control rules for each alternative? Do you have an appropriate investment policy for your endowed charities? Do you have a rubric for avoiding fraud? Do you know what to look for to make sure that your charitable donations don't do the opposite of what you intend? In Managing Foundations and Charitable Trusts, Roger D. Silk and James W. Lintott provide a comprehensive guide for charitable donors and their advisers. Additional topics include:Foundation GovernanceWhen to seek additional professional helpWhen and how to turn a CRT interest into cashKey tax issuesCreating a legacyWhy tax planning is so difficult, and how to approach itStraightforward and authoritative, Managing Foundations and Charitable Trusts is a handy, easy-to-read guide that all donors and their advisors will want to keep on hand. Q&A with the Authors Since the first edition of Creating a Private Foundation published in 2003, how has the foundation and charitable trust industry changed and evolved? The past decade has been a difficult one in several important ways. The investment environment has been very challenging, making investment policy and cash management even more important than in some previous periods. Fraud has hit many charities and foundations, some with devastating consequences, reinforcing with a sledge-hammer the importance of due diligence. The concept of unintended consequences has been shown to apply to charitable giving, causing many donors for the first time to consider that their giving might do harm if not carefully considered. Donor-advised funds have grown in importance, and the regulations surrounding them have grown as well. Finally, one of the biggest changes is the development of a market for income interests in Charitable Remainder Trusts. Whereas previously CRT donors were pretty much stuck with such income interests for life, there is now liquidity, meaning that if a CRT donor's situation changes, he can turn his income stream into a lump sum of cash. What will donors and advisors gain from reading this new edition? In this book we address the impacts of all the above changes, among others. Many advisors tell us that they have not seen these issues dealt with elsewhere, or not as usefully. What is the biggest or most important takeaway that you hope readers walk away with after finishing the book? The size of the charitable sector continues to grow, and along with that opportunities and complexity also grow. We hope that our readers will take away a better understanding of what to do, what not to do, and when to call in expert help.
|So You Want to Be a Philanthropist: How to Choose, Set Up and Manage a Successful Family Foundation|
by Julia A Kittross (Author)
So You Want To Be a Philanthropist: How to Choose, Set Up and Successfully Manage a Family Foundation is your “comprehensive introduction” into the world of private foundations; how to decide if they are the right choice for you, and if so, how to start, organize and manage such a foundation. It asks revealing questions and provides a wealth of information about all aspects of practicing family philanthropy. If past results have left you unhappy with your family foundation, this book is...
|The Foundation: A Great American Secret; How Private Wealth is Changing the World|
by Joel L. Fleishman (Author)
Private foundations have been the dynamo of social change since their invention at the beginning of the last century. Yet just over 10 percent of the public knows they even exist; and for those who are aware of them, as well as even those who seek grants from them, their internal workings remain a complete mystery. Joel Fleishman knows the sector like few others, and in this groundbreaking book he explains both the history of foundations—with their fledgling beginnings in the era of the...
|Private Foundation Law Made Easy|
by Bruce R. Hopkins (Author)
Now your foundation can be fully informed about the basic legal requirements affecting private foundations and avoid the perils lurking in nonprofit tax law traps. Private Foundation Law Made Easy clearly shows you how, with information on reaping the charitable and tax advantages of your private foundation. Filled with straightforward guidance, author Bruce Hopkins?a leading authority on the laws regulating private foundations?demystifies this topic for you and your board members with...
|Foundations 101: How to Start and Run a Great Foundation|
by Stephen L. Isaacs (Author), Paul S. Jellinek (Author)
For the past fifteen years, Stephen Isaacs and Paul Jellinek have been go-to advisors to foundations. They have consulted on everything from basic governance and management to strategic planning, program development, and impact assessment. Distilling more than fifty years of hands-on philanthropic experience into a short, highly readable book, the authors guide founders and leaders of foundations through many of the issues and challenges they are likely to encounter. These include the...
|Effective Foundation Management: 14 Challenges of Philanthropic Leadership--And How to Outfox Them|
by Joel J. Orosz (Author)
There is no science to the management of charitable foundations, and even the art of managing them is poorly understood. The foundation field is relatively young, university centers for the study of philanthropy arrived only recently, and foundation leaders typically had little experience in the foundation field before taking their posts. Consequently, both seasoned and aspiring CEOs fall into traps that make them less effective leaders. These traps arise from the highly idiosyncratic nature of...
|Money Well Spent|
by Paul Brest (Author), Hal Harvey (Author)
“All outstanding philanthropic successes started with a smart strategic plan,” say authors Paul Brest, president of The William and Flora Hewlett Foundation, and Hal Harvey, president of ClimateWorks. Money Well Spent explains how to create and implement a strategy that ensures meaningful results. Components of a smart strategy include: achieving great clarity about one’s philanthropic goals, specifying indicators of success before beginning a project, designing and implementing a plan...
|Creating a Private Foundation: The Essential Guide for Donors and Their Advisers|
by Roger D. Silk (Author), James W. Lintott (Author), Andrew R. Stephens (Author), Christine M. Silk (Author)
Imagine all you'd like to accomplish with your philanthropy. Now picture a large portion of your resources never reaching their intended use due to poor strategies, mismanagement, or unnecessary taxes.
Today the opportunities in the philanthropic sector are greater and more varied than ever. Private foundations, which offer several estate and tax-planning advantages as well as unparalleled donor control, have become the vehicle of choice for more than sixty thousand individuals...
|Charitable Foundations: The Essential Guide to Giving and Compliance|
by Daniel N. Belin (Author)
Charitable Foundations: The Essential Guide to Giving and Compliance
Foundation trustees and officers bear the legal obligation to ensure that moneys entrusted to the foundation for charitable purposes will be used for those purposes. However, highly complex statutes and regulations set forth numerous requirements and prohibitions. How can officers and trustees recognize when rules are about to be violated or know what questions to ask to elicit key information about an issue? For...
|The Power of Leveraging the Charitable Remainder Trust: Your Secret Weapon Against the War on Wealth|
by Daniel Nigito (Author)
A practical guide to avoiding accidental philanthropy and controlling your tax destiny Written by Daniel Nigito-a financial services expert whose programs have saved families millions in tax dollars and created millions more for charities across the United States-this timely guide will show you how to use the simple, yet powerful strategy known as "charitable leverage" to regain control of your financial life. This proven approach, which allows you to become a partner with charity while gaining...
|Give Smart: Philanthropy that Gets Results|
by Thomas J. Tierney (Author), Joel L. Fleishman (Author)
A decade ago, Thomas J. Tierney left Bain & Company to cofound The Bridgespan Group, a nonprofit focused on helping donors and nonprofit leaders to develop and execute strategies to accelerate social change. In Give Smart, Tierney pools his hands-on knowledge with Duke professor Joel L. Fleishman's expertise to create a much-needed primer for philanthropists and the nonprofit organizations they support. Drawing from personal experiences, research spanning twentieth- and twenty-first-century...