Creating a Private Foundation
The Essential Guide for Donors and Their Advisers
July 2003 | Published by Bloomberg Press
Roger D. Silk, James W. Lintott, Andrew R. Stephens, Christine M. Silk
Today the opportunities in the philanthropic sector are greater and more varied than ever. Private foundations, which offer several estate- and tax-planning advantages as well as unparalleled donor control, have become the vehicle of choice for more than sixty thousand individuals and families who want to make the world a better place.
Creating a Private Foundation was written for those who want to get involved with philanthropy, but need to know exactly how foundations work, and what impact they have on personal finances, tax liabilities, and inheritance. Many would-be philanthropists don’t see their dreams realized because the resources they put into their private foundations never reach their intended use, due to poor planning strategies, mismanagement, or unnecessary taxes.
This book addresses 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 and James Lintott are leaders in the foundation-consulting arena. They, along with Andrew R. Stephens and Christine M. Silk, have pooled their wisdom in this comprehensive guide. If you're a donor or an advisor looking to make a difference, there is no better guide than this one.
"Philanthropy is a vital activity, and there's never enough money to do all the good that needs to be done. In Creating a Private Foundation, Roger Silk and Jim Lintott clearly explain a number of different giving strategies--both tax and philanthropic--to help donors make their limited resources go farther. I highly recommend it."
- Ace Greenberg
Former Chairman, Bear Stearns
"If you are a donor to charity or if you advise donors, you must have this book. You’ll learn more than most experts know, and you’ll be empowered to have far more impact than you’d ever have thought possible."
- Mark Victor Hansen
Cocreator, #1 New York Times best-selling series Chicken Soup for the Soul
Coauthor, The One Minute Millionaire
"This book is a great guide for those interested . . . in charitable foundations. Every donor should study it."
- Vernon Smith
2002 Nobel Prize Winner in Economics