Managing Foundations and Charitable Trusts: Essential Knowledge, Tools, and Techniques for Donors and Advisors [Hardcover]

Do 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?

In Managing Foundations and Charitable Trusts, Roger D. Silk and James W. Lintott provide a comprehensive guide for charitable donors and their advisers. Additional topics include:

• Foundation Governance
• When to seek additional professional help
• When and how to turn a CRT interest into cash
• Key tax issues
• Creating a legacy
• Why tax planning is so difficult, and how to approach it

Straightforward and authoritative, Managing Foundations and Charitable Trusts is a handy, easy-to-read guide that all donors and their advisors will want to keep on hand.

Preface xiii

Acknowledgments xvii

CHAPTER 1 The Basics of Charitable Giving 1

Direct Gifts 2

Supporting Organizations 6

Donor-Advised Funds 8

Private Foundations 12

Conclusion 18

CHAPTER 2 Tax Incentives and Limitations 21

Four Powerful Tax Incentives 21

Details on Tax Deduction Limits 25

Finding the Best Giving Strategy 27

The $1.6 Trillion Loss 28

Estate TaxlÓÏ