Archive for the ‘Philanthropy/Charitable Giving’ Category

Funded at Death

Thursday, February 19th, 2015

The sudden rise of the Ralph C. Wilson Foundation to the billion dollar club of U.S. private foundations was not unexpected, despite the Foundation's modest history. Wilson, the larger-the-life owner of the Buffalo Bills, died last year at age 95. During his life the foundation had a couple ...

Are 36 Months Enough?

Friday, January 23rd, 2015

With the passage of the new estate donation rules by Parliament on December 16, 2014, the anxiety level in the estate planning community started to rise. The issue generating concern is the 36-month time period after death to distribute "estate donations" to charity, which is also known as the ...

Tax Deadlines & Charities

Friday, December 12th, 2014

The 10-week period prior to December 31 is the busiest time of the year for charitable giving, as there is nothing like a tax deadline to sharpen the mind. In my world, this includes creating short-term donor advised funds in Aqueduct Foundation to receive immediate gifts and grant 100% ...