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Apr 1, 2011 12:00 PM
A Symbiotic Relationship
Balancing the use of private foundations with donor-advised funds can help meet philanthropists' needs
Much of the wealth being transferred in the United States today is in the form of highly appreciated illiquid assets: family businesses, closely held stock, real estate and interests in limited liability companies (LLCs) and limited partnerships (LPs). For many financial advisors, illiquid assets are likely to represent 80 percent or more of a typical client-family's net worth. The repositioning of these special assets creates potential challenges for (1) the clients who are transferring them, and (2) their heirs and favorite charities that stand to benefit from this movement.
The owner of a highly appreciated illiquid asset who's philanthropically inclined has many gifting alternatives from which to choose. The two primary family foundation alternatives are the private foundation (PF) and the donor-advised fund (DAF).
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Topics of Interest
| Estate Tax | Donor Advised Funds |
| GSTs | Family Offices |
| Private Foundations | Life Insurance |
| 2010 Tax Act News | Industry Trends Surveys |
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Topics of Interest
| Estate Tax | Donor Advised Funds |
| GSTs | Family Offices |
| Private Foundations | Life Insurance |
| 2010 Tax Act News | Industry Trends Surveys |
E-Newsletter Signup
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