Creating a Private Foundation
Creating a Private Foundation introduces the issues you need to understand and gives the big picture on how foundations work.
Imagine all you’d like to accomplish with your philanthropy. Now picture
a large portion of your resources never reaching their intended use due
to poor strategies, mismanagement, or unnecessary taxes.
Today
the opportunities in the philanthropic sector are greater and more
varied than ever. Private foundations, which offer several estate and
tax planning advantages as well as unparalleled donor control, have
become the vehicle of choice for more than 60,000 individuals and
families and may be ideal for you.
Creating a Private
Foundation introduces the issues you need to understand and
gives the big picture on how foundations work. It tells you exactly what
is involved for you, the causes you care about, your finances and taxes,
and your heirs.
Chapters address the practicalities as well as
the implications of founding, funding, organizing, and operating an
effective foundation, including growing its endowment, allocating its
assets, and selecting professional foundation management help. Roger
Silk, James Lintott, and their colleagues, leaders in the foundation
consulting arena, have pooled their wisdom in this comprehensive guide
for donors and their advisers. For those looking to make a difference,
there is no better guide.
Hardback, 224 Pages, Dimensions 234 x 156 MM Language English.
Introduction
1 Philanthropy 101: The Basics of Charitable Giving
2 Powers of Deduction: Tax Advantages of Private Foundations
3 Advanced Planning: Combining Foundations with Charitable Lead Trusts and Charitable Remainder Trusts
4 A Family Enterprise: Foundations and Children
5 Carpe Diem: Set Up a Foundation While You're Still Alive
6 Effective Foundations: The Business of Philanthropy
7 The Endowment: Developing an Appropriate Foundation Investment Policy
8 Developing and Implementing a Foundation Asset Allocation Policy
9 Compliance: The Legal Do's and Don'ts
10 Other Planned Giving Vehicles
11 For Advisers: Building Client Assets with Private Foundations
12 How to Select a Foundation Manager
13 What Can You Donate to Charity?
Roger D. Silk, PhD, CFA, is chief executive officer of Sterling Foundation Management, LLC. A leading expert in the field of private foundations, he has written articles that have appeared in magazines such as Estate Planning, Philanthropy, Trusts and Estates, Investment Advisor, Journal of Financial Planning, and the Journal of Personal Financial Planning. He is currently a director of several charitable organizations, including the George Mason University Foundation.
James W. Lintott, Esq., is chairman of Sterling Foundation Management, LLC. Previously, he was head of one of the nation’s largest private foundations. Mr. Lintott serves on the boards of a number of nationally known charities, including the Children’s National Medical Center in Washington, DC.