Much has been written comparing the administrative, financial, and programmatic criteria of private foundations and donor advised funds. It is often presented as an “either/or” choice.
After the stress of planning for next steps following high school graduation, including the college application process or other life planning, many parents feel as though they are “done.” But many families are not aware of important legal issues that affect their 18-21 year olds, including those
Since the age of 14, Angus McRae had been the sole caretaker of the Markham family lodge and its surrounding 800 acres, where the Markham family connected and bonded.
Throughout their lives, many women will probably face a number of circumstances unique to their gender, and each with financial implications. When it comes to women and money, it is essential for them to find a trusted advisor who understands their distinct needs and to whom they can relate.
For the majority of Americans, the tax overhaul has altered or reduced many of the financial incentives for making charitable donations. But charitable giving is rarely driven solely by the desire to trim tax bills.
Two common charitable giving vehicles are donor advised funds (DAFs) and private foundations. A DAF is an account housed in and governed by a public charity. A private foundation is a standalone trust or nonprofit corporation that qualifies as a tax-exempt organization.
If you are a newer family foundation with one or two generations on the board, five generations may seem like a long time away. Yet in family philanthropy, quite a few foundations have been operating and thriving for 50, 75, even 100 years.
Karen McNeill, Ph.D., Ascent Private Capital Management
Monday, March 19, 2018
Every family has secrets and difficult stories that they would rather not share. They are the “skeletons in the closet” that can evoke shame, embarrassment, pain, sadness, anger or other negative connotations when they first come to light.
