National Center for Family Philanthropy

The Chan Zuckerberg Initiative LLC raised the question about why some philanthropists choose a limited liability company (“LLC”) instead of a private non-operating foundation (“foundation”) to carry out their mission… Read More

Every grant award offers a potential risk that should be understood and properly mitigated. Providing grants to a charity that has had its tax-exempt status revoked — even unknowingly — can lead to the disbursement being considered a taxable expenditure, prevent foundations from meeting the annual 5 percent distribution requirement, and cause the IRS to levy excise taxes — stiff fines — on the foundations involved… Read More

Some of philanthropy’s core practices may unwittingly be leading funders to perpetuate the inequities they’re trying to eliminate… Read More

Many families turn to community foundations to solve challenges ranging from geographic dispersion to anonymity, and to learn about community issues or make grants outside of the family’s core mission. … Read More

Once a donor has decided that a DAF is the right giving vehicle, she has to make a very important decision: where is she going to house her fund? Mark Neithercut, a donor and philanthropic advisor with offices in Traverse City and Chicago, shares four reasons why he chose to house his DAF in his local community foundation… Read More