A hypothetical state law for-profit company, which may be a bank, credit union, insurance company, healthcare organization, or other entity (“Company”) intends to establish a charitable organization ( ...

On March 1, 2022, the IRS published its 129-page Exempt Organizations Technical Guide TG 62 Excise Taxes on Taxable Expenditures. While not authoritative or controlling, the guidance addresses in ...

Have you ever wondered how the elite continue to reduce taxes, support their favorite causes and keep their wealth intact? It may seem like they're using a secret playbook. But it's all about using ...

When philanthropic individuals and families think about their larger giving strategy, they tend to first focus on the “who” and the “how much.” Everyone has different priorities and motivations around ...

This year’s Business Journal list of corporate and private foundations lost a few names after we narrowed rankings to firms most connected to Orange County charities, as opposed to earlier lists based ...

FAIRFIELD, Conn.--(BUSINESS WIRE)--Foundation Source, the nation’s largest provider of comprehensive support services for private foundations, today released its 2018 Annual Report on Private ...

Heirs can generally benefit from a step-up in basis of inherited assets to their fair market value (FMV) as of the date of the decedent’s death. A recent program manager technical advice (PMTA) makes ...

Vincent C. Travagliato, executive director, Morgan Stanley, Private Wealth Management Division, N Private foundations are usually organized as trusts or not-for-profit corporations. When choosing ...

Creating a private family foundation offers affluent families a structured way to direct their philanthropic efforts and establish a lasting legacy that aligns with their values. However, this ...

Annual donations by Orange County’s largest individual and family foundations collectively dipped less than 1% from a year earlier, according to this week’s Business Journal list. The 37 private ...

A strong stock market performance in 2021 fueled a rise in giving by private foundations last year, but the rockier year that followed could lead to fewer gifts in the future, according to an annual ...

Dana Katz, executive director of the Los Angeles Police Foundation, at the September 2021 "Above and Beyond" fundraiser. (Genaro Molina / Los Angeles Times) The Los Angeles Police Department and its ...