The Estate Planner's Guide To International PhilanthropyThe Estate Planner's Guide To International Philanthropy
International giving has been one of the fastest growing sectors in U.S. philanthropy in the past few years. We expect planners will continue to see wealthy clients interested in giving abroad despite the current global financial crisis and perhaps even because of it.1 Yet, even as giving for international purposes has increased, the rules governing such contributions have become more complex over
David T. Leibell, Mark E. Haranzo & Phyllis Maloney Johnson
International giving has been one of the fastest growing sectors in U.S. philanthropy in the past few years. We expect planners will continue to see wealthy clients interested in giving abroad despite the current global financial crisis — and perhaps even because of it.1
Yet, even as giving for international purposes has increased, the rules governing such contributions have become more complex over the past decade. There are new federal regulations designed to thwart terrorist financing. The Internal Revenue Service has intensified oversight of donor-advised funds (DAFs). Court decisions and changing laws in other countries impact U.S. taxpayers' ability to give to foreign charit...
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