Foundations typically approach most grants as a team sport, debating their merits and deciding, collectively, whether they’re likely to achieve the foundation’s goals. However, in addition to granting as a group, some foundations give their board and/or family members a portion of funds to donate as individuals. Th is practice, called discretionary grantmaking, is legally permitted as long as the grants are consistent with the foundation’s charitable purpose, and there aren’t restrictions in the charter documents to prohibit it.
This guide will help wealth and legal advisors identify those scenarios where a private foundation may be the right solution for their clients’ planning needs. It looks at investment planning, tax and estate planning, and charitable planning. These scenarios are covered at a high level and are not intended as investment, tax, or legal advice.
Provides a first look into the 2014 investing and grantmaking performance of private foundations with less than $50 million in assets.
This whitepaper offers insight into year-end opportunities and potential pitfalls for advisors working with high-net-worth and ultra-high-net-worth individuals and families. It also offers practical advice on how to avoid these common pitfalls and broaden and deepen your client and prospect relationships at this critical time of year.
Special considerations must be taken into account when investing a foundation’s assets in or funding a foundation with privately held stock.
Conduit elections allow foundations to get a fair-market-value deduction for contributions of appreciated, long-term capital assets.
Learn about several strategies private foundations can employ to reduce their tax liability and preserve the value of their endowments.
A basic guide to managing a well-run foundation.
Increased Grantmaking, Strong Investment Returns, and Contributions from Living Donors Create a New Narrative about Private Foundation Behavior
A look at the methods, benefits, and potential compliance issues of using life insurance in conjunction with a private foundation.