Mark Victor Hansen, Cocreator, #1 New York Times best-selling series Chicken Soup for the Soul® and coauthor, The One Minute Millionaire
"If you are a donor to charity or if you advise donors, you must have this book."
Vernon Smith, 2002 Nobel Prize Winner in Economics
"This book is a great guide for those interested... in charitable foundations. Every donor should study it."
Book Description
Establishing a private foundation, is not only of benefit to tax and estate planning, but is a powerful way to help your community and build a permanent legacy. This book is an essential guide to setting up a private foundation, whether you are looking to establish one or provide financial advice to those who are. Already nearly five percent of high-net-worth individuals have private foundations, and interest in setting up charitable organizations is on the rise. This straightforward and authoritative guide explains the reasons for establishing a foundation, the steps for setting one up, and tips for avoiding common pitfalls. Author Roger Silk and his firm are well known in the adviser community for providing professional management to foundations, and he covers the ins and outs of private foundations from the perspective of both philanthropists and the advisers who work with them.
Book Info
Text explains private foundations, using illustrations to show why they are often the best channel for charitable giving. Covers setting up and managing a foundation, building an endowment, allocating assets, making wise grants, and sidestepping legal and tax hazards. For individuals, families, and their advisors who are looking to make a difference.
About the Author
Roger D. Silk, Ph.D., CFA, is the CEO of Sterling Foundation Management, an industry leader in providing foundation management services. He is the founder of several nonprofit organizations and the former CEO of a national public charity. James W. Lintott, Esq., is the former head of one of the nation's largest private foundations and is currently chairman of Sterling Foundation Management.
Creating a Private Foundation: The Essential Guide for Donors and Their Advisers FROM THE PUBLISHER
"Creating a Private Foundation introduces the issues you need to understand and gives the big picture on how foundations work. It tells you exactly what is involved for you, the causes you care about, your finances and taxes, and your heirs." Chapters address the practicalities as well as the implications of founding, funding, organizing, and operating an effective foundation, including growing its endowment, allocating its assets, and selecting professional foundation management help. Roger Silk, James Lintott, and their colleagues, leaders in the foundation consulting arena, have pooled their wisdom in this comprehensive guide for donors and their advisers.
SYNOPSIS
For those who would like to follow the lead of Microsoft's Bill Gates who does not plan to leave much of his fortune to heirs, US experts on philanthropic financial management provide a primer on charitable giving. They discuss the many planned giving options available, tax and other incentives, grant-making approaches, board governance, investment policies, and the "seven deadly sins of foundation asset allocation." Resources listed include Websites and software. Annotation ©2004 Book News, Inc., Portland, OR
FROM THE CRITICS
Soundview Executive Book Summaries
Creating a Private Foundation
The experts from Sterling Foundation Management have compiled a complete guide for those who donate to charity and their advisers. To help donors save tax dollars and take advantage of the opportunities available in charitable giving, the authors provide financial planning advice that includes the proper ways to set up and manage a foundation as well as guidance on building an endowment and allocating assets. The authors also explain grants and tax and legal hazards. Copyright © 2003 Soundview Executive Book Summaries
Art & Photography
Book Info
