Recent Posts Tagged With 'charity'

• Setting Up Your Charitable Foundation

  Posted on Friday July 10th, 2009 at 12:47 in charity, charitable foundation, trusts, private foundation, family foundation, non-profit corporation

  A private family foundation is a wonderful way to teach and expose your family to charitable giving. At an early age, members of your family can participate in the operations of the foundation and suggest worthy charities or charitable causes. The ...

• A Charitable Alternative to Cashing in Your Life Insurance

  Posted on Wednesday May 13th, 2009 at 20:14 in charity, Life Insurance, income tax, estate tax, gifting, charitable deduction, beneficiary designation, cash surrender value

  In our prior post, we addressed the possibility of a life settlement as an alternative to taking the cash surrender value of an unneeded life insurance policy.  Another alternative is gifting the policy to a charity and taking an income tax charitab...

• When a Restricted Gift is Not a Restricted Gift

  Posted on Thursday April 23rd, 2009 at 19:51 in charity, endowment, gifting, unrestricted gift, restricted gift

  As universities feel the pinch of the recession, many of them are looking for sources of money to cover operational expenses.  One important source is endowments.  Universities love unrestricted gifts, because the money is theirs to use as needed t...

• Is The Family Foundation Giving Way to The Donor-Advised Fund?

  Posted on Wednesday April 22nd, 2009 at 14:47 in charity, charitable foundation, private foundation, family foundation, donor-advised funds, columbus foundation

  A charitable family foundation can be much more involved than a donor-advised fund.  It is important to understand a client’s expectations before recommending one or the other.  A recent Wall Street Journal article, Family Charities Shift Assets ...

• More Quotes

  Posted on Monday March 2nd, 2009 at 13:01 in charity, obama, quote, income tax, tax deductions

  “In these hard economic times, we need to make sure tax and regulatory policy encourages growth in philanthropy,” said Steve Gunderson, chief executive of the Council on Foundations, quoted in a New York Times article, Limiting Deductions on Char...

• Obama Tax Proposals a Mixed Bag

  Posted on Saturday February 28th, 2009 at 14:34 in charity, obama, income tax, estate tax, tax deductions

  A recent Forbes.com article provides a breakdown of President Obama’s tax proposals. One element may be devastating for charities.  The proposal would cap the value of deductions for things like charitable donations, mortgage interest and investm...

• Probate Law Institute (PLI) Agenda Set - Part I The Charitable Lead Trust

  Posted on Tuesday February 17th, 2009 at 15:44 in charity, clt, cba, charitable lead trust, columbus bar association, columbus foundation

  In a recent Wall Street Journal investment article, the reporter covered the use of a charitable lead trust (CLT) and the benefit of doing so in a depressed economy.  [We covered this topic in a blog post last year].  Coincidentally, the Wall Stree...

• Timing is Everything

  Posted on Wednesday December 10th, 2008 at 11:32 in charity, stock, estate tax, gifting, clt, qprt

  When markets are down, opportunities abound. People interested in reducing the size of their estates can often maximize their gifting during downturns in the market, both real estate and stock. With respect to real estate, one can gift their residen...

• An Extension of Time for the Charitably Inclined

  Posted on Wednesday November 19th, 2008 at 13:12 in charity, income tax, IRA, estate tax, rollover, retirement account

  As a result of our failing economy, in October of 2008, the Emergency Economic Stabilization Act of 2008, often referred to as the bailout of the U.S. financial system, was enacted. The Act does contain at least one benefit for the charitably incline...