Reviews"Noteworthy for its comprehensive nature and excellent resource section . . . advisers will find throughout the book examples of successes, challenges, and perspectives of real foundations. These types of stories are useful in discussing the workings of private foundations with clients or prospects." - NAPFA Advisor , August 2003
Dewey Edition21
Table Of ContentIntroduction 1 Philanthropy 101: The Basics of Charitable Giving 2 Powers of Deduction: Tax Advantages of Private Foundations 3 Advanced Planning: Combining Foundations with Charitable Lead Trusts and Charitable Remainder Trusts 4 A Family Enterprise: Foundations and Children 5 Carpe Diem: Set Up a Foundation While You're Still Alive 6 Effective Foundations: The Business of Philanthropy 7 The Endowment: Developing an Appropriate Foundation Investment Policy 8 Developing and Implementing a Foundation Asset Allocation Policy 9 Compliance: The Legal Do's and Don'ts 10 Other Planned Giving Vehicles 11 For Advisers: Building Client Assets with Private Foundations 12 How to Select a Foundation Manager 13 What Can You Donate to Charity?
SynopsisImagine 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., 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 and families--and may be ideal for you. Creating a Private Foundation introduces the issues you need to understand and gives the big picture on how foundations work. It tells you exactly what is involved for you, for the causes you care about, for your finances and taxes, and for your heirs. Chapters address the practicalities as well as the implications of founding, funding, organizing, and operating an effective foundation, including growing its endowment, allocating its assets, and selecting professional foundation management help. Roger Silk, James Lintott, and their colleagues, leaders in the foundation consulting arena, have pooled their wisdom in this comprehensive guide for donors and your advisers. If you're looking to make a difference, there is no better guide., There are over half a million high-net-worth individuals in the United States. Already 5 percent of them have private foundations, and interest in setting up charitable organizations is on the rise--due to the estate and tax-planning advantages offered by foundations and the growing desire of many to give back to the community. Creating a Private Foundation is a straightforward and authoritative guide for individuals and families looking at the pluses and minuses of creating a foundation, as well as for the advisers who serve these high-net-worth clients. It explains the reasons for establishing a foundation, the steps for setting one up, and tips for avoiding common pitfalls. Author Roger Silk covers the ins and outs of private foundations from the perspective of both philanthropists and the professionals who work with them., 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 and families--and may be ideal for you. Creating a Private Foundation introduces the issues you need to understand and gives the big picture on how foundations work. It tells you exactly what is involved for you, for the causes you care about, for your finances and taxes, and for your heirs. Chapters address the practicalities as well as the implications of founding, funding, organizing, and operating an effective foundation, including growing its endowment, allocating its assets, and selecting professional foundation management help. Roger Silk, James Lintott, and their colleagues, leaders in the foundation consulting arena, have pooled their wisdom in this comprehensive guide for donors and your advisers. If you're looking to make a difference, there is no better guide.
LC Classification NumberHD62.6.C73 2003
As told toSilk, Christine M., Stephens, Andrew R.