Fox interview with Matthew Davidson (Kaplan family) and David Patterson (Choate family), from their of offices in New York City.
A profile of the Whittier Trust Company.
Julius Rosenwald, the organizational and merchandising genius responsible for the extraordinary growth of Sears, Roebuck & Co., had five children, the youngest of whom was William. When Julius passed away in 1932, he left a single organization which was responsible for the oversight and management of his children's affairs and assets. In 1946 Willi...
Disasters bring out the urge to help, but would-be donors often are not sure about where to donate. Schwab Charitable Fund looks at the hierarchy of disaster relief, considers the importance of general disaster expertise vs. local expertise for a charity, and discusses how to encourage accountability. A targeted list of recommendations for donors i...
The budgetary crises of state and local governments have started to receive more attention, leading some to declare that the municipal market may be ground zero for the next financial crisis. Gresham Partners examines the root causes of these concerns and attempts to determine the likelihood that continuing credit pressures will cascade into the ne...
Domestic demand is increasing across Asia, but the continent still relies heavily on exports for its growth. A report from Aberdeen Asset Management Asia Ltd. considers factors related to Asian domestic demand, such as the effect of China's recent move to revalue its currency and the region's use of exchange rate management as its key policy manage...
In addition to having an external mission, many family foundations create an internal one specifying how the foundation will function in family-building, education and the transfer of family values from one generation to the next. Foundation Source offers concrete examples of how some families are using their foundations to make a difference within...
The new health care reform legislation adds a 3.8 percent tax on net investment income for many charitable donors starting in January 2013, while not allowing charitable deductions to be used to offset the tax. This article from Hemenway & Barnes explains how an interest-free loan to a charity can provide the same tax benefits as a charitable deduc...
Despite heightened fears of a double-digit recession, we see plentiful evidence of improving, equity-friendly fundamentals. Global economies are growing again, and large multinational companies are benefiting from exposure to healthier emerging markets.
To realize the social benefits their donors seek, foundations must clearly define their missions, create spend policies that correspond with those missions and set investment strategies that suit those policies.
Venture capital shows signs of recovery. Short-term returns have improved and investment volumes have increased to almost pre-crisis levels in the U.S. Analysis supports the notion that a vibrant VC market is conducive to technological progress and, thus, growth.
In the post-Madoff era, the foundation and non-profit sector continues to struggle with how to invest philanthropic assets most appropriately and how to ensure that boards and staff are managing investments prudently.
Researchers measure differences in wealth across countries and the extent of change during the past decade. They examine patterns of wealth geographically and by gender, as well as differences in household portfolios.
One frequently overlooked vehicle for transmitting values is family wealth management. Although money has often been seen as a disruptive force in maintaining positive family values, families who have avoided this "dark side" of wealth have done so by developing a proactive program for wealth management instead of assuming that appropriate values ...
Philanthropy is and was, for the Brumley family bone deep. When the Brumleys addressed a complex philanthropic problem, they invested every form of capital available to them; a considerable treasure and commitment. The Brumleys were committed to total engagement in all that they did together.