Managing Foundations and Charitable Trusts: Essential Knowledge, Tools, and Techniques for Donors and Advisors
Establishing a private foundation is anexcellent way to build a permanent legacy while helping your community and alsoallowing you to benefit from tax exemptions. Almost5 percent of high-net-worth individuals have already set up foundations, and interest in setting up charitable organizations is on the rise.But knowing where to start can present a major challenge. In Managing Foundations and Charitable Trusts: Essential Knowledge, Tools, and Techniques for Donors and Advisors, Roger Silk and James Lintott provide a comprehensive guide for charitable donors and their advisors that includes coverage of the latest topics facing today's foundation builders, such as avoiding fraud, terminating charitable gifts, and tax issues.Straightforward and authoritative, Managing Foundations and Charitable Trusts provides essential guidance that anyone thinking about setting up or advising on the establishment of a private foundation will benefit from. Coveringthe four approaches to philanthropy—direct gifts, supporting organizations, donor-advised funds, and private foundations—and highlighting and explaining the reasons for establishing a foundation in the first place, the steps for setting one up, and tips for avoiding common pitfalls, the book is a wealth of information on one of the hottestoptions for estate management available today.