Forbes.com has a posted an insightful article on donor managed investment accounts (requires registration). This new charitable giving vehicle has received some press lately -- recently profiled in the Wall Street Journal -- but it has a number of shortcomings, and its long-term viability is uncertain. We have also provided a side-by-side comparison between donor managed investment accounts, donor advised funds, and private foundations. E-mail me to request your copy.
Wednesday, October 20, 2004
Friday, October 15, 2004
Where We Have Been, Where We Are Going
It has been a year since we updated our Weblog, and that is for many and varied reasons. This is not for a lack of commitment. We have gone through a number of changes, and in the future, you should see regular posts online.
In addition, we will be integrating our Weblog onto our host website - National Philanthropic Trust (www.nptrust.org). We are rebuilding that entire site form the ground up, incorporating a new brand, and adding a number of features that will provide philanthropists and their advisors a host of tools, information and resources. As all things on the web, these will be rolled out over the next several months, but we are making progress.
For those who have expected more updates, we thank you for your patience. For those of you new to our site, welcome! We encourage and look forward to your comments, ideas and suggestions for what we can do to improve the content of our site. Contributors are our best sources.
In addition, we will be integrating our Weblog onto our host website - National Philanthropic Trust (www.nptrust.org). We are rebuilding that entire site form the ground up, incorporating a new brand, and adding a number of features that will provide philanthropists and their advisors a host of tools, information and resources. As all things on the web, these will be rolled out over the next several months, but we are making progress.
For those who have expected more updates, we thank you for your patience. For those of you new to our site, welcome! We encourage and look forward to your comments, ideas and suggestions for what we can do to improve the content of our site. Contributors are our best sources.
Tuesday, October 21, 2003
Interesting Fact: Wal-Mart Equals Philanthropy
For those of you looking to add an interesting statistic in your keynote address or cocktail party conversation, some stats I read in a recent New York Times article about Wal-Mart, the largest retailer in the world, combined with my sources in the nonprofit sector are quite intriguing.
Wal-Mart (1)
1.4 million employees
$245 billion in sales
$10-14/hour - the average wages and benefits of a full-time worker
Philanthropy
1.4 million nonprofit organizations (2)
$241 billion in total giving (3)
$16.54/hour- the average value of volunteer time (4)
Sources:
1. New York Times, Wal-Mart, Driving Workers and Supermarkets Crazy, October 19, 2003
2. Internal Revenue Service, Exempt Organizations Business Master File (2003)
The Urban Institute, National Center for Charitable Statistics, http://nccsdataweb.urban.org/
3. Giving USA 2003, AAFRC Trust for Philanthropy
4. Independent Sector
For those of you looking to add an interesting statistic in your keynote address or cocktail party conversation, some stats I read in a recent New York Times article about Wal-Mart, the largest retailer in the world, combined with my sources in the nonprofit sector are quite intriguing.
Wal-Mart (1)
1.4 million employees
$245 billion in sales
$10-14/hour - the average wages and benefits of a full-time worker
Philanthropy
1.4 million nonprofit organizations (2)
$241 billion in total giving (3)
$16.54/hour- the average value of volunteer time (4)
Sources:
1. New York Times, Wal-Mart, Driving Workers and Supermarkets Crazy, October 19, 2003
2. Internal Revenue Service, Exempt Organizations Business Master File (2003)
The Urban Institute, National Center for Charitable Statistics, http://nccsdataweb.urban.org/
3. Giving USA 2003, AAFRC Trust for Philanthropy
4. Independent Sector
Monday, July 28, 2003
Death & Taxes: How to Talk About Them Without Undue Angst
Death & Taxes: How to Talk About Them Without Undue Angst
Estate planning is a hard topic for most clients to come to terms with. So some advisers gently ease their way into the subject. In the most recent edition of Bloomberg Wealth Manager, advisors share the many approaches they take to ease the stress and emotional toll estate planning can place on their clients.
Estate planning is a hard topic for most clients to come to terms with. So some advisers gently ease their way into the subject. In the most recent edition of Bloomberg Wealth Manager, advisors share the many approaches they take to ease the stress and emotional toll estate planning can place on their clients.
Soros Pulling Out of Russia to Focus on U.S.
Soros Pulling Out of Russia to Focus on U.S.
George Soros has announced an official end to his direct philanthropic work in Russia, shifting the focus of his New York City-based Open Society Institute to what he considers more pressing problems to be tackled in the United States, the Moscow Times reports.
"This is an emotional moment for me," Soros told a press conference at Moscow's Higher School of Economics, which was created with funding from the billionaire financier and philanthropist. "The foundation as you know it is coming to an end." Soros's involvement in Russia began in 1988, when he went to the then Soviet Union after Soviet leader Mikhail Gorbachev had invited dissident scientist Andrei Sakharov to return from exile. Sensing an imminent sea change in the country, Soros decided to act. Now, having spent fifteen years and $1 billion, Soros is leaving Russia with fifteen Open Society Institute programs, all of which eventually will become independent entities, operating and attracting funding on their own.
Soros is turning his attention instead to U.S. issues. "I was led to come to Russia because of my concern for a prospering open society," he said. "But now I have to concentrate on what goes on in America. The fight for an open society now has to be fought there." In particular, he expressed concern about the state of the U.S. media and the Bush administration's handling of the crisis in Iraq.
George Soros has announced an official end to his direct philanthropic work in Russia, shifting the focus of his New York City-based Open Society Institute to what he considers more pressing problems to be tackled in the United States, the Moscow Times reports.
"This is an emotional moment for me," Soros told a press conference at Moscow's Higher School of Economics, which was created with funding from the billionaire financier and philanthropist. "The foundation as you know it is coming to an end." Soros's involvement in Russia began in 1988, when he went to the then Soviet Union after Soviet leader Mikhail Gorbachev had invited dissident scientist Andrei Sakharov to return from exile. Sensing an imminent sea change in the country, Soros decided to act. Now, having spent fifteen years and $1 billion, Soros is leaving Russia with fifteen Open Society Institute programs, all of which eventually will become independent entities, operating and attracting funding on their own.
Soros is turning his attention instead to U.S. issues. "I was led to come to Russia because of my concern for a prospering open society," he said. "But now I have to concentrate on what goes on in America. The fight for an open society now has to be fought there." In particular, he expressed concern about the state of the U.S. media and the Bush administration's handling of the crisis in Iraq.
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