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Creating a Private Foundation: The Essential Guide for Donors and Their Advisers

Creating a Private Foundation: The Essential Guide for Donors and Their Advisers

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Authors: Roger D. Silk, James W. Lintott
Creators: Andrew R. Stephens, Christine M. Silk
Publisher: Bloomberg Press
Category: Book

List Price: $50.00
Buy New: $31.50
You Save: $18.50 (37%)



New (19) Used (7) from $30.87


Format: Illustrated
Media: Hardcover
Edition: 1
Number Of Items: 1
Pages: 272
Shipping Weight (lbs): 1.1
Dimensions (in): 9.3 x 6.3 x 0.8

ISBN: 1576601366
Dewey Decimal Number: 361.76320681
EAN: 9781576601365
ASIN: 1576601366

Publication Date: July 2003
Availability: Usually ships in 24 hours

Editorial Reviews:

Product 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. PThis 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.


Customer Reviews:

5 out of 5 stars Business Dealing   February 17, 2008
Excellent job, delivered prior to expected delivery date. In condition stated. Would definitely utilize again


4 out of 5 stars private foundation fundamentals   March 9, 2006
 4 out of 6 found this review helpful

The book is more for donors than advisors. I does not provide enough of the necessary essential legally technical information.


5 out of 5 stars Useful Primer   October 31, 2003
 23 out of 24 found this review helpful

Unwitting new philantrophists sometimes end up with bureaucratic creatures that do exactly what the donor did not want. This book is full of practical advice on how to avoid unpleasant surprises if you set up a foundation of your own, such as finding out that you have no control over its activities. pIt also gives a succinct review of investment problems. Foundations can potentially last for many generations. But they can easily mismanage themselves into oblivion in short order. The authors identify seven deadly investment sins. pFor example, foundations don't need to frequently redeem their investments, but some mistakenly invest in liquid assets and lose returns as a result. They would be better off with non-traditional investments like private-equity, income producing real estate, hedge funds, and timber.pMany foundations fail to diversify, unwittingly taking on risk. THey start with stock from the founder's company and continue to hold a concentrated position, exposing themselves to the vagaries of that business. In 2002 the David and Lucille Packard Foundation was forced to cut its donations drastically when Hewlett-Packard stock fell. pIN short, an easy-to-read, useful guide.


5 out of 5 stars Creating Private Foundation   June 16, 2003
 16 out of 20 found this review helpful

A great great book to give to your existing Private Foundation clients, as well as those considering their options. The book hits on several key points among many others - which are the reason to formalize your investment policy statement(IPS) and donor intent issues. The author is correct that too often good intentions fail to result in effective results. It deals with other vehicles like charitable lead trusts (CLTs) and charitable remainder trusts (CRTs) as well as donor advised and support organizations. It is a big picture book not a technical how to for the attorney!

Copyright 2007 White Hat Communications.
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