Archive for the ‘Philanthropy/Charitable Giving’ Category

Are Charities Second-Class Beneficiaries?

Monday, May 30th, 2016

Charities face a bizarre challenge when administering gifts by will.   It should be simple.   After the donor’s death, a charity named as a recipient of an estate donation becomes the beneficiary of a trust.   The money is owed to the charity and the interest in the trust is legally enforceable.   ...

Strangers in Family Foundations

Monday, May 2nd, 2016

Family charitable foundations are often equally about the family working together as they are about charity.  While the purpose of a foundation must be exclusively charitable, the founders’ hope is that future generations of family will have a place to work together and act on their values.   But how, ...