Donors take care in planning their charitable giving over a number of years. As those plans unfold, however, natural disasters or tragic events can become an unexpected priority for giving.
Family Philanthropy
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Wealth management and tax planning, done right, require care and a thoughtful approach. Helping you be vigilant in these and all other aspects is the purpose of this guide, which walks you through the key concepts and approaches pertaining to tax planning, investing, charitable giving, estate and gift planning, business succession, family meetings, family offices, risk management, and cross-border considerations.
Future Owners of Impact: Empowering the Younger GenerationDanielle Oristian York, Director, 21/64 The next generation can bring unique skills and perspectives to the philanthropic community. However, the prospect of engaging the next generation can be daunting. Next-generation family members have grown up with access to broader opportunities fueled by information technology, increased diversity and global connectedness. The questions they ask, language they use, and even their values and priorities change the way the family communicates.
Owners of Impact - Families That Make a Difference
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With wealth comes responsibility—a challenge that daunts some families, but inspires others. Two families, from the myriad of FOX families who engage their wealth in high impact activities, shared their personal stories of what they did more, better and differently to initiate a Butterfly Effect within their family and community. Below is the video sharing an interview of Andrew Hauptman of Andell, Inc.
Creative Engagement - Kanter
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Families often complain about the challenge of getting siblings and cousins more engaged in business and family activities. There is a great divide between the “make it happen” people and the “watch it happen” people in the family, and a risk of burnout for the family members who are providing the leadership.
Creative Engagement - Liautaud
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Families often complain about the challenge of getting siblings and cousins more engaged in business and family activities. There is a great divide between the “make it happen” people and the “watch it happen” people in the family, and a risk of burnout for the family members who are providing the leadership.
The Endowment Challenge: Supporting Nonprofit Missions with Goals-Based Investment Strategies
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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.
The New Benchmark: Fulfilling Your Mission
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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.
Reinstatement of the Charitable IRA Rollover
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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/custodial administrator to a qualifying public charity.
From Best Practices to Next Practices: In Search of Long-Term and Sustained Philanthropic Impact
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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 restrictions and an increase in demand for services.