Philanthropy

Every year the Internal Revenue Service updates its list of topics on which it will: (1) not issue rulings, (2) ordinarily not issue rulings, and (3) not issue rulings because the issue is under extensive study. Rev...

The ruling may result in a lower charitable tax deduction for contributions of fractional interests in art

These investment opportunities require strict management principles and a clear directive. 

Eight factors to consider

The inflation adjustment of the unified gift and estate tax exemption to $5.43 million, coupled with a low interest rate environment, opens the door to yet another year for creating a qualified charitable lead trust (CLT) to transfer wealth to fa...

Rule 1. A gift of long-term appreciated tangible personal property to a public charity for a related use is deductible at fair market value (FMV)...

Assets continue to flow to donor-advised funds, but there’s a drumbeat for reform of these vehicles. And that could impact how advisors use them.

A recent private letter ruling finds certain unrelated business income is exempt from taxes

I often get asked ‘What is the best vehicle for managing charitable funds?’. This is very much a question that doesn't have a straight forward answer and is best reviewed in context of your overall wealth strategy, which includes...