Philanthropy

For almost 25 years investors have experienced general appreciation in the value of their investments. However, the last few months may have left many of them wondering if that's about to change. What's more, those with considerable wealth also...

...

When your clients complain to you about paying their taxes this April 15, don't roll your eyes when they claim, It's not about the money. Because their irritation really may stem less from the idea of their hard-earned dollars going to the state...

The latest comprehensive study of blockbuster donations confirms what charitable planning advisors know intuitively: Higher education gets the greatest number of mega gifts. Next come health/medical organizations, then arts/cultural groups, with...

Many would-be philanthropists struggle with choosing which charity will be on the receiving end of their giving. Complicating this choice is the fact that an organization that makes sense for your client right now might not be the optimal choice...

In Private Letter Ruling 200747001, issued Nov. 23, 2007, the Internal Revenue Service ruled that an inter vivos charitable lead annuity trust (CLAT) qualified as a grantor trust for income tax purposes. The ruling is both important and curious...

Sooner or later, you're going to get a call from a valued client that may put you in an uncomfortable situation. He will tell you that the Society for Preservation of Historically Significant Manhole Covers (an organization of which he is...

Thanks to the Internal Revenue Service for its help to the estate-planning and charitable-giving community, by publishing sample charitable lead annuity trusts (CLATs). This is a welcome benefit for us, because unlike charitable remainder trusts ...

New York's Lincoln Center, about to engage in a costly renovation of its symphony space, is refusing to assure the family of Avery Fisher that the auditorium will continue to bear Fisher's name despite the fact that Fisher donated $10.5 million in...