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From Grantmaking to Problem Solving: The Power of Charitable LLCsFrom Grantmaking to Problem Solving: The Power of Charitable LLCs

Donors are starting to use new and existing corporate structures to bring about social change.

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Jennifer B. Goode, Jennifer R. Ostbergand 1 more

September 18, 2023

17 Min Read
Wealth Management logo in a gray background | Wealth Management

Charitable giving has traditionally been associated with gifts to tax-exempt, non-profit organizations.1 However, the world of charitable action has expanded in recent years. In fact, nearly half the participants in a recent Lilly Family School of Philanthropy survey considered contributions to non-exempt crowdfunding as a form of charitable giving.2 Additionally, 16.3% of respondents grouped gifts to political organizations under this category, while roughly one in 10 did the same for impact investing.3 As society’s understanding of the nature of charitable giving evolves, philanthropic individuals have started using new and existing corporate structures to bring about social change. We’ll take an in-depth look at one such structure—the...

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About the Authors

Jennifer B. Goode

Director, Bernstein Private Wealth

Jennifer B. Goode is a Director with Bernstein Private Wealth in the Washington, DC office.  Prior to joining Bernstein, Jennifer was a founding partner of Birchstone Moore LLC, a Washington, D.C., boutique law firm focused on estate planning and estate and trust administration.  Jennifer is also a past Co-Chair of the D.C. Bar’s Taxation Section’s Estate Planning Committee and current Co-Chair of the Washington, D.C. Estate Planning Council’s Programming Committee. In addition, she was previously recognized as a Top Lawyer and a Top Financial Advisor by Washingtonian Magazine.  Jennifer is a graduate of both Duke University School of Law and Washington University in St. Louis.

Jennifer R. Ostberg

Director, Wealth Strategies group and Philanthropy Institute, Alliance Bernstein

Jennifer R. Ostberg is a Director with Bernstein’s Wealth Strategies group Philanthropy Institute and is located in the firm’s Boston office. She is responsible for providing investment advice and solutions to philanthropic individuals and works closely with high-net-worth families, foundations and endowments, and their professional advisors on family engagement and education, and a variety of complex investment planning issues. Jennifer is a CERTIFIED FINANCIAL PLANNER™ professional.

Ashley E. Velategui

National Director, Bernstein Private Wealth Management, Planning Research

Ashley E. Velategui, based in Seattle, is a national director for Bernstein Private Wealth Management’s Planning Research.

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