Creating a private foundation
Subtitle: the essential guide for donors and their advisers
By: Roger D. Silk ... [et al.].
Contributors: Silk, Roger D.
Edition: 1st ed.
Publisher: Bloomberg Press
Published: 2003
Place of publication: Princeton
Language: eng
Number of pages: 203
Subjects: Nonprofit organizations.; Charitable uses, trusts, and foundations.
Description: There are over half a million high-net-worth individuals in the United States. Already 5 percent of them have private foundations, and interest in setting up charitable organizations is on the rise--due to the estate and tax-planning advantages offered by foundations and the growing desire of many to give back to the community. Creating a Private Foundation is a straightforward and authoritative guide for individuals and families looking at the pluses and minuses of creating a foundation, as well as for the advisers who serve these high-net-worth clients. It explains the reasons for establishing a foundation, the steps for setting one up, and tips for avoiding common pitfalls. Author Roger Silk covers the ins and outs of private foundations from the perspective of both philanthropists and the professionals who work with them.
Notes: Includes index.

Includes bibliographical references (p. 187-190) and index.
Table of contents: title: Philanthropy 101 : the basics of charitable giving; title: Powers of deduction : tax advantages of private foundations; title: Advanced planning : combining foundations with charitable lead trusts and charitable remainder trusts; title: A family enterprise : foundations and children; title: Carpe diem : set up a foundation while you're still alive; title: Effective foundations : the business of philanthropy; title: The endowment : developing an appropriate foundation investment policy; title: Developing and implementing a foundation asset allocation policy; title: Compliance : the legal do's and don'ts; title: Other planned giving vehicles; title: For advisers : building client assets with private foundations; title: How to select a foundation manager; title: What can you donate to charity?.