{"product_id":"managing-foundations-and-charitable-trusts-isbn-9781118038260","title":"Managing Foundations and Charitable Trusts","description":"\u003cb\u003eThe insider's guide to charitable organizations for donors and their advisors\u003c\/b\u003e  \u003cp\u003eDo you know when to use a private foundation, a donor-advised fund, or a charitable remainder trust or other charitable vehicle? Do you know the different tax benefits, limitations, and control rules for each alternative? Do you have an appropriate investment policy for your endowed charities? Do you have a rubric for avoiding fraud? Do you know what to look for to make sure that your charitable donations don't do the opposite of what you intend?\u003c\/p\u003e \u003cp\u003eIn \u003ci\u003eManaging Foundations and Charitable Trusts\u003c\/i\u003e, Roger D. Silk and James W. Lintott provide a comprehensive guide for charitable donors and their advisers. Additional topics include:\u003c\/p\u003e \u003cul\u003e \u003cli\u003eFoundation Governance\u003c\/li\u003e \u003cli\u003eWhen to seek additional professional help\u003c\/li\u003e \u003cli\u003eWhen and how to turn a CRT interest into cash\u003c\/li\u003e \u003cli\u003eKey tax issues\u003c\/li\u003e \u003cli\u003eCreating a legacy\u003c\/li\u003e \u003cli\u003eWhy tax planning is so difficult, and how to approach it\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eStraightforward and authoritative, \u003ci\u003eManaging Foundations and Charitable Trusts\u003c\/i\u003e is a handy, easy-to-read guide that all donors and their advisors will want to keep on hand.\u003c\/p\u003e \u003cp\u003ePreface xiii\u003c\/p\u003e \u003cp\u003eAcknowledgments xvii\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 1 The Basics of Charitable Giving 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDirect Gifts 2\u003c\/p\u003e \u003cp\u003eSupporting Organizations 6\u003c\/p\u003e \u003cp\u003eDonor-Advised Funds 8\u003c\/p\u003e \u003cp\u003ePrivate Foundations 12\u003c\/p\u003e \u003cp\u003eConclusion 18\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 2 Tax Incentives and Limitations 21\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFour Powerful Tax Incentives 21\u003c\/p\u003e \u003cp\u003eDetails on Tax Deduction Limits 25\u003c\/p\u003e \u003cp\u003eFinding the Best Giving Strategy 27\u003c\/p\u003e \u003cp\u003eThe $1.6 Trillion Loss 28\u003c\/p\u003e \u003cp\u003eEstate Taxes 29\u003c\/p\u003e \u003cp\u003eConclusion 30\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 3 Charitable Planning and Taxes 33\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eGiving Approach 34\u003c\/p\u003e \u003cp\u003eTax Planning Complexity 37\u003c\/p\u003e \u003cp\u003eGuidelines for Analytical Expenditure: Or Is Analysis Worth It? 39\u003c\/p\u003e \u003cp\u003eWhat to Do When Tax Rates Are Uncertain 40\u003c\/p\u003e \u003cp\u003eTiming of Gain Realization 41\u003c\/p\u003e \u003cp\u003eCharitable Remainder Trusts and Deferral 42\u003c\/p\u003e \u003cp\u003eConclusion 42\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 4 Planning with Charitable Lead Trusts and Charitable Remainder Trusts 43\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCharitable Lead Trusts 43\u003c\/p\u003e \u003cp\u003eCharitable Remainder Trusts 47\u003c\/p\u003e \u003cp\u003eFlexibility and Irrevocability 52\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 5 Foundations and Children 53\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eAffluenza 54\u003c\/p\u003e \u003cp\u003eBringing Families Closer 56\u003c\/p\u003e \u003cp\u003eTransmitting Values 56\u003c\/p\u003e \u003cp\u003eProviding Valuable Skills 56\u003c\/p\u003e \u003cp\u003eConclusion 59\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 6 Benefits of Giving While You’re Still Alive 61\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003ePersonal Satisfaction 61\u003c\/p\u003e \u003cp\u003eCreate a Legacy 62\u003c\/p\u003e \u003cp\u003eThe Problem with Waiting 63\u003c\/p\u003e \u003cp\u003eFrom the Grave: Control—But Not Too Much 64\u003c\/p\u003e \u003cp\u003eWhat about Too Little Direction? 66\u003c\/p\u003e \u003cp\u003eWho Gets Control? 68\u003c\/p\u003e \u003cp\u003eConclusion 69\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 7 Effective Foundations: The Business of Philanthropy 71\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Mission Revisited 71\u003c\/p\u003e \u003cp\u003eGetting Started 74\u003c\/p\u003e \u003cp\u003eKnow Your Charities 75\u003c\/p\u003e \u003cp\u003eGoverning for Effectiveness 77\u003c\/p\u003e \u003cp\u003eApproaches to Grant Making 81\u003c\/p\u003e \u003cp\u003eYou Get What You Negotiate 82\u003c\/p\u003e \u003cp\u003eStand on the Shoulders of Others 83\u003c\/p\u003e \u003cp\u003eOutside Experts Can Make the Difference 84\u003c\/p\u003e \u003cp\u003eTypes of Support: Periodic versus Endowment, General versus Program 84\u003c\/p\u003e \u003cp\u003eIs Measurement Worthwhile? 86\u003c\/p\u003e \u003cp\u003eEstablishing Measures 90\u003c\/p\u003e \u003cp\u003eProvide Feedback 91\u003c\/p\u003e \u003cp\u003eGive Wisdom in Addition to Wealth 91\u003c\/p\u003e \u003cp\u003eGive Strategically 93\u003c\/p\u003e \u003cp\u003eExercise of Leverage 95\u003c\/p\u003e \u003cp\u003eMake Foreign Donations Deductible 96\u003c\/p\u003e \u003cp\u003eUse Public Relations Effectively 97\u003c\/p\u003e \u003cp\u003eCreate Financial Leverage through Tax-Exempt Financing 98\u003c\/p\u003e \u003cp\u003eLet Your Foundation Do the Dirty Work 98\u003c\/p\u003e \u003cp\u003eConclusion 99\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 8 The Road to Hell: Beware of Unintended Consequences 101\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFood Aid 103\u003c\/p\u003e \u003cp\u003ePrivate Charity and Unintended Consequences 105\u003c\/p\u003e \u003cp\u003eFungible Money and Inadvertent Funding of Terrorism 107\u003c\/p\u003e \u003cp\u003eHow to Give Restricted Grants 109\u003c\/p\u003e \u003cp\u003ePoverty—Again 110\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 9 Developing an Appropriate Foundation Investment Policy 113\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhat to Include in an Investment Policy 113\u003c\/p\u003e \u003cp\u003eConclusion 121\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 10 Developing and Implementing a Foundation Asset Allocation Policy 123\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDifferences between Corporation and Foundation Investment Plans 123\u003c\/p\u003e \u003cp\u003eThe Seven Deadly Sins of Foundation Asset Allocation Policy 125\u003c\/p\u003e \u003cp\u003eDeveloping a Good Asset Allocation Policy 129\u003c\/p\u003e \u003cp\u003eShould an Asset Allocation Policy Change over Time? 135\u003c\/p\u003e \u003cp\u003eCapturing the Rebalancing Bonus 136\u003c\/p\u003e \u003cp\u003eActive Management versus Indexing 137\u003c\/p\u003e \u003cp\u003eWho Is Responsible for the Asset Allocation Policy? 138\u003c\/p\u003e \u003cp\u003eConclusion 139\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 11 Main Themes in Legal Compliance 141\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eSome Compliance Errors May Seem Funny, but They’re Not 142\u003c\/p\u003e \u003cp\u003eA Fail-Safe System 143\u003c\/p\u003e \u003cp\u003eRequired Activities 144\u003c\/p\u003e \u003cp\u003eProhibited Activities 147\u003c\/p\u003e \u003cp\u003eConclusion 151\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 12 Fraud, Inflation, and Market Risk 153\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eStanford Case 157\u003c\/p\u003e \u003cp\u003eEnron 160\u003c\/p\u003e \u003cp\u003eBaptist Foundation of Arizona Case 162\u003c\/p\u003e \u003cp\u003eThe Bre-X Fraud 163\u003c\/p\u003e \u003cp\u003eAllied Capital 166\u003c\/p\u003e \u003cp\u003eFraudulent or Not? You Decide 167\u003c\/p\u003e \u003cp\u003eWhat Is XYZ? 169\u003c\/p\u003e \u003cp\u003eHow Will Social Security End? 170\u003c\/p\u003e \u003cp\u003ePromised Benefits 170\u003c\/p\u003e \u003cp\u003eReal Terms 171\u003c\/p\u003e \u003cp\u003eInflation: A Brief History 174\u003c\/p\u003e \u003cp\u003eInflation Indexing 176\u003c\/p\u003e \u003cp\u003eFoundations and Endowments Are Highly Exposed to Inflation 180\u003c\/p\u003e \u003cp\u003eAvoiding Fraud 180\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 13 Other Planned Giving Vehicles 183\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCharitable Gift Annuity 183\u003c\/p\u003e \u003cp\u003eGift Annuities versus Regular Annuities 184\u003c\/p\u003e \u003cp\u003ePartial Exclusion of Annuity Payments from Income Tax 185\u003c\/p\u003e \u003cp\u003eBargain Sale 186\u003c\/p\u003e \u003cp\u003eCharitable Gift Annuity versus CRT 189\u003c\/p\u003e \u003cp\u003eRemainder Gifts with Retained Life Estate 190\u003c\/p\u003e \u003cp\u003ePooled Income Funds 192\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 14 Donor-Advised Funds 195\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eHistory 196\u003c\/p\u003e \u003cp\u003eGuidelines—Highlights 196\u003c\/p\u003e \u003cp\u003eFees and Costs 199\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 15 Building Assets with Charitable Planning 201\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eProfessionally Managed, Turnkey Private Foundations 205\u003c\/p\u003e \u003cp\u003eFoundation Manager’s Role 206\u003c\/p\u003e \u003cp\u003eConclusion 207\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 16 How to Select a Foundation Manager 209\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChoosing a Full-Service Manager 209\u003c\/p\u003e \u003cp\u003eConclusion 212\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 17 What Can You Donate to Charity? 213\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003ePublicly Traded Securities 213\u003c\/p\u003e \u003cp\u003eNonpublicly Traded Business Interests 215\u003c\/p\u003e \u003cp\u003eTangible Personal Property 216\u003c\/p\u003e \u003cp\u003eIntangible Personal Property 218\u003c\/p\u003e \u003cp\u003eQualified Retirement Plans 221\u003c\/p\u003e \u003cp\u003eReal Estate 223\u003c\/p\u003e \u003cp\u003eConclusion 225\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 18 When the Shoe No Longer Fits 227\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003ePrivate Foundations 227\u003c\/p\u003e \u003cp\u003eCharitable Remainder Trusts 231\u003c\/p\u003e \u003cp\u003eGetting Rid of Other Charitable Vehicles 243\u003c\/p\u003e \u003cp\u003eConclusion 245\u003c\/p\u003e \u003cp\u003eSelected Resources 247\u003c\/p\u003e \u003cp\u003eAbout the Authors 249\u003c\/p\u003e \u003cp\u003eIndex 251\u003c\/p\u003e  \u003cp\u003e\u003cb\u003eROGER D. SILK,\u003c\/b\u003e CEO of Sterling Foundation Management, is widely recognized as a leading expert in the field of private foundations and charitable trusts. As a founder and board member of several nonprofit organizations, former bond trader at the World Bank, and Stanford-trained PhD economist, Dr. Silk possesses a unique blend of experience, practical knowledge, and theoretical insight that has enabled him to help build Sterling Foundation Management into the market leader that it is today. \u003c\/p\u003e\u003cp\u003e\u003cb\u003eJAMES W. LINTOTT\u003c\/b\u003e is Chairman of Sterling Foundation Management and a board member of Dean and Deluca and several private investment companies. He has over two decades of experience working with wealthy individuals and families. In addition, Mr. Lintott serves on the boards of a number of nationally recognized charities, including the Freer\/Sackler Galleries of the Smithsonian Institution, the U.S.-Japan Foundation, and Best Buddies International.   \u003c\/p\u003e\u003cp\u003eEstablishing\u003cb\u003e\u003c\/b\u003e a private foundation is an excellent way to build a permanent legacy while helping your community and also allowing you to benefit from tax exemptions. Almost 5 percent of high-net-worth individuals have already set up foundations, and interest in setting up charitable organizations is on the rise.  \u003c\/p\u003e\u003cp\u003eBut knowing where to start can present a major challenge. In \u003ci\u003eManaging Foundations and Charitable Trusts: Essential Knowledge, Tools, and Techniques for Donors and Advisors\u003c\/i\u003e, Roger Silk and James Lintott provide a comprehensive guide for charitable donors and their advisors that includes coverage of the latest topics facing today's foundation builders, such as avoiding fraud, terminating charitable gifts, and tax issues.  \u003c\/p\u003e\u003cp\u003eStraightforward and authoritative, \u003ci\u003eManaging Foundations and Charitable Trusts\u003c\/i\u003e provides essential guidance that anyone thinking about setting up or advising on the establishment of a private foundation will benefit from. Covering the four approaches to philanthropy—direct gifts, supporting organizations, donor-advised funds, and private foundations—and highlighting and explaining the reasons for establishing a foundation in the first place, the steps for setting one up, and tips for avoiding common pitfalls, the book is a wealth of information on one of the hottest options for estate management available today.   \u003c\/p\u003e\u003cp\u003e\u003ci\u003ePraise for\u003c\/i\u003e\u003cb\u003e MANAGING FOUNDATIONS AND CHARITABLE TRUSTS\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003e\"This remarkably readable, yet complete and authoritative book helps guide both novices and experts through these potentially confusing areas. Anyone who has a foundation or a CRT (or is considering one) will find it helpful.\"\u003cbr\u003e \u003cb\u003e—JERRY J. M\u003csmall\u003eC\u003c\/small\u003eCOY,\u003c\/b\u003e editor, \u003ci\u003eFamily Foundation Advisor\u003c\/i\u003e \u003c\/p\u003e\u003cp\u003e\"Roger Silk and James Lintott have unpacked the maze of giving strategies into a practical, easy-to-understand manual, which is full of examples and useful tips for both donors and advisors.\"\t\u003cbr\u003e \u003cb\u003e—NORMAN F. MANLEY,\u003c\/b\u003e CPA, BDO Seidman, LLP \u003c\/p\u003e\u003cp\u003e\"[T]he book was both informative and entertaining to read.I congratulate [the authors] on bringing a new resource into the world of philanthropy.\"\u003cbr\u003e \u003cb\u003e—JACK SAWYER,\u003c\/b\u003e partner, Alston \u0026amp; Bird LLP \u003c\/p\u003e\u003cp\u003e\"Advisors will enjoy having such a 'complete summary of charitable planning techniques' in their library.\"\u003cbr\u003e \u003cb\u003e—TODD S. HEALY,\u003c\/b\u003e CLU, ChFC, AEP, HealyPartners \u003c\/p\u003e\u003cp\u003e\"[This book] will prove . . . invaluable for the guidance of donor\/trustees . . . in management of [a] foundation or trust. The language employed is easily understandable by nonprofessionals but is technically sufficient for the more advanced donor\/trustee. The device of presenting and analyzing interesting cases makes this work particularly readable.\"\u003cbr\u003e \u003cb\u003e—WILLIAM LINKOUS J\u003csmall\u003eR\u003c\/small\u003e.,\u003c\/b\u003e Of Counsel, Bryan Cave LLP\u003c\/p\u003e","brand":"Bloomberg Press","offers":[{"title":"Default Title","offer_id":47989565030629,"sku":"NP9781118038260","price":63.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781118038260.jpg?v=1761784617","url":"https:\/\/k12savings.com\/es\/products\/managing-foundations-and-charitable-trusts-isbn-9781118038260","provider":"K12savings","version":"1.0","type":"link"}