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In a family enterprise - particularly in a multigenerational family business - the company is often the dominant aspect of the family's identity. Adding a philanthropic track to the enterprise not only creates a significant return on investment in terms of the company's relationship with its customers and employees, but also can affirm the core val...

Estate planners who help their clients become more strategic about philanthropy in their legacy planning strengthen relationships with clients and their heirs and significantly increase the likelihood that their clients’ charitable distributions will align with their interests and be more effective. Whether creating a new estate plan or revisiting ...

The time to consider the reinvestment risk of selling a family business is before, not after, the sale. A reinvention plan can help by taking into consideration the remaining ties to the business, estate and tax planning issues related to the sale, and personal reinvention for family members as they continue on without the business.

For families contemplating substantial charitable contributions, private foundations provide a structure to create a legacy of family charitable giving and remain a popular vehicle for charitably inclined families.While a private foundation may appeal to an individual for a variety of reasons; private foundations come with responsibilities. Prior t...

Glenmede's Fall Newsletter topics include leveraging social media to meet organizational goals and guidance for managing transitions to retirement that should be navigated with a comprehensive yet flexible plan that encompasses current cash flow, lifetime asset base and family legacy and philanthropy.

Today’s philanthropists want to channel their desire to “do something” into purposeful and strategic action. Donors frequently want to create or invest in the people and programs that can make a measurable difference. However, for many of us, it may be difficult to know where to begin. Philanthropic endeavors are often rooted in t...

Would your client benefit from a Private Foundation?Annually, 98% of families with a net worth in excess of $5 million give to charity; philanthropy can be a key element in tax management and estate planning, in addition to instilling a sense of responsibility to younger family members.A Private Foundation is a privately funded and controlled tax-e...

According to a Norwegian linguist, the Sami people living in northern Russia and Scandinavia have 180 words for snow and ice. It seems that there are nearly as many terms for investment strategies designed specifically for societal impact. A few of the terms being used today include: “socially responsible investing,” “ESG in...

Impact investments can be made in all corners of the world, in frontier and emerging markets, developed economies and our local neighborhoods. When successfully implemented, impact investing can potentially produce a sustainable pool of capital that can work for generations, as well as help align financial capital with your passions, beliefs and ob...

A careful and disciplined approach to philanthropic giving combines purpose, practicality and passion. Strategic philanthropy is similar to intentional asset allocation in that it requires as much of the giver’s brain as it does the bank account. This white paper explains a higher quality of giving, an important part of many high net worth in...

While challenges in the past caused the field to focus on practices to improve the efficiency and effectiveness of philanthropy, current challenges require an even deeper demand of philanthropy’s ability to address the most pressing problems of our time, amid smaller endowment values and continued economic uncertainty, government budget restr...

Entrepreneurs are, at their core, in the business of solving problems. They identify a problem, find a solution and build a business around it. At the same time, it’s hardly surprising that entrepreneurs are highly individualistic when it comes to philanthropy, applying the same creative thinking that made them successful in business.

The investment returns of the past are unlikely to be repeated going forward, as asset classes that comprise a large portion of many nonprofit portfolios are likely nearing the end of a long bull market. This will force boards to look for additional sources of return as well as more efficient ways to make required distributions.

After an historic financial crisis and ensuing market volatility, many nonprofit organizations are struggling while others are thriving. This paper uncovers the difference: Some of these organizations have been far better at integrating their investment strategies with their overall missions.

The reinstatement of the charitable IRA rollover by the American Taxpayer Relief Act of 2012 provides a window of opportunity for certain donors to make significant charitable gifts on a tax-favored basis. To take advantage of this provision, a donor must be at least 70½ years old, and distributions must be made directly from the IRA trustee...