Do you have conservative clients interested in passing on their ideas with a planned gift? Your clients will thank you for telling them about Young America's Foundation and the Reagan Ranch! Young America's Foundation saved Rancho del Cielo Ronald...
Since our founding as the country's first cancer hospital in 1884, Memorial Sloan-Kettering has pioneered countless discoveries in science and research that have led to standard-setting innovations in all areas of cancer diagnosis and treatment...
It can be a thorny issue, whether to compensate the directors of a family foundation1 who are family members and, if so, how much to pay them. Certainly, it's legal to compensate such directors to the extent that payment of such compensation, as...
Little did I dream, when I started practicing 30 years ago in a small office in Fort Collins, Colo., that I would have the opportunity to work with hundreds of philanthropists in fulfilling their visions of how they want to change the world. Along...
Sometimes even the best relationships go sour. But getting out of a private foundation doesn't need to be fraught with confusion about an uncertain future. By following a straightforward, step-by-step process, you can extricate your clients from a...
About six years ago, I started talking differently to prospective private foundation clients. I used to try to craft a cohesive answer to the most common question I got from financial advisors, accountants and attorneys: How much should the client...
The Internal Revenue Service has published an article on tax-exempt organizations that everyone practicing in estate and philanthropic planning should keep close at hand for easy reference and for some perspective especially during this time of...
Herbert Vogel, a retired postal worker, and his wife, Dorothy Vogel, a former librarian, spent 45 years amassing a collection of more than 4,000 pieces of artwork. On April 11, 2008, they announced their intention to donate 2,500 pieces of their...
Several states are on the verge of adopting a new type of low-profit entity, the L3C, that could be a new way for foundations to practice venture philanthropy. According to reports in The New York Times, The Wall Street Journal, The Economist and...
Some wealth owners set up charitable foundations to keep their families together after mom and dad die. But too often these entities exacerbate or even create divisions within the family. Also, family members can have conflicting visions of the...
