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For many entrepreneurs, the experience of selling their business may involve a loss of identity and purpose, despite the financial security that usually accompanies the sale. This paper addresses the personal challenges entrepreneurs face during the transition as well as issues created by a significant change in the nature of their wealth, from illiquid and concentrated to liquid and multi-faceted.

While foundation leaders have displayed a remarkable ability to adapt to change, economic and legislative uncertainty make fulfi lling their mission directives all the more arduous. This period of transition promises to be more than a temporary shift, and many foundation executives believe some fundamental changes are necessary.

A business transition plan should provide a good fit: for the business, for family members and for the owner. A transition road map also should provide clear instructions in the event of the owner's incapacitation or death – a sound reason to establish a plan sooner rather than later.

Much of charitable giving is fueled by personal beliefs and emotional connections. This research report examined the possibility of a more analytical approach to charitable asset allocation in the UK and found that by focusing on some of the most difficult social problems, private funders can tackle the root causes of crises and create change.

Mission investing offers the opportunity to potentially shape and scale desired social outcomes as a complement to effective grant making and other philanthropic activities. Success requires planning, blending program and financial teams, rigorous investment processes, and building applicable social metrics.

Charity analysis is key to helping charities to become better at what they do. Through scrutiny and reflection, charities can identify their strengths and weaknesses, find out what works and what does not, and determine how to improve. They also can use analysis as an opportunity for independent validation and a tool to raise their profile with funders, stakeholders, or potential partners.

A significant number of family businesses eliminate family dynamics from the business equation, according to a survey. The researchers found significant differences between family-focused and business-focused family businesses in the complexity of the owners' lives, motivations to sell the business, and intent to use tax strategies to minimize taxes.

Private foundations face risk scenarios such as breach of contract, fiduciary liability, mismanagement of assets, wrongful acts of trustees, employment practices liability, and even possible kidnapping or extortion of trustees. To protect themselves and the foundation, directors and trustees should insist on appropriate insurance coverage.

This paper considers some of the key risks warranting board of directors' attention in the next year and proposes practical steps to take in response to political risk and the role of emerging economies, supply chain risk and business resiliency, capital investment and project-related risk, cyber risk, and compliance and regulatory risk.

By making charitable contributions from within the family's closely held business, the potential donor can maximize the benefits of a charitable contribution and the value of the assets being contributed, structure the gift transaction to supplement the business owner's finances after the gift, and coordinate with succession planning for the business.