If you seek maximum flexibility in your philanthropy, consider bypassing the tax-exempt route and forming a for-profit limited-liability company (LLC). The benefits of LLCs in charitable work are numerous: wider Read more…
It’s one thing to pick board members you know and trust while you’re living. It’s another to plan successfully for board succession after you’ve passed. Donor-intent violations often occur during Read more…
Your board members will make or break your donor intent. It’s that simple. No matter your mission, timeframe, or giving vehicle, the people you select to assist or shepherd your Read more…
Time-limiting foundations, or “sunsetting” them, is an idea that has grown in popularity during the past few decades. Are you focused on problems that will become more acute in the Read more…
It’s often advisable to supplement your mission statement with an addendum containing more detail. As a donor, you may wish to include documentation outlining: • Your principles and beliefs • Preferred Read more…
Many donors concerned with preserving their intent choose to give while living or sunset, but it is still possible to operate your foundation in perpetuity—with no end date in mind—and Read more…
The notion of spending much of one’s fortune while living is a concept briskly taking hold in philanthropic circles around the globe. Giving away money fast—to do good right now—is Read more…
One of the more popular philanthropic vehicles chosen by donors is the private non-operating foundation. “Non-operating” simply means that your foundation’s primary goal is to make grants to nonprofits that Read more…
Your board members will make or break your donor intent. It’s that simple. No matter your mission, timeframe, or giving vehicle, the people you select to assist or shepherd your Read more…
Family-wide generosity can be a wonderful thing—a source of great satisfaction and multiplied good.
Few philanthropic figures have had a greater impact on the world of donor intent than Julius Rosenwald, president of Sears, Roebuck from 1908 until 1924. Rosenwald’s wide-ranging philanthropic interests included Read more…
Is sunsetting the best way to prevent a charitable endowment from drifting away from donor intent? It definitely tops the list, but it’s not the only option. Wise givers have Read more…
The first step you can take to protect your donor intent is also the simplest—put it in writing and be specific. As elementary as this sounds, many famous philanthropists never Read more…
Whether housed within “working charities” like community foundations or through national sponsors, DAFs facilitate the charitable giving that benefits all Americans and should be cheered, not restrained.
Charitable foundation activity not only supplements government efforts, it also fills in gaps, helping people and communities missed by the vast bureaucracy at the head of often broken and mismanaged welfare programs.
The following interview is part of Philanthropy Roundtable’s “Free to Give” series highlighting the impact philanthropy can have when Americans have the right to give freely to the causes and Read more…
The following interview is part of Philanthropy Roundtable’s “Free to Give” series highlighting the impact philanthropy can have when Americans have the right to give freely to the causes and Read more…
The following interview is part of Philanthropy Roundtable’s “Free to Give” series highlighting the impact philanthropy can have when Americans have the right to give freely to the causes and Read more…
Philanthropy Roundtable President and CEO Elise Westhoff appeared on “Fox News Live” this past weekend to discuss the state of philanthropy – and efforts in Congress and elsewhere that threaten to harm charitable giving.
While the United States continues to claim the title of world’s most generous nation – with Americans donating a record $471 billion to charity last year – proposed Congressional legislation threatens to change the rules for philanthropy.