IRS Private Letter Ruling 202550004 addresses tax implications when charitable trust distributes all assets to private ...

CHICAGO--(BUSINESS WIRE)--Northern Trust is partnering with Foundation Source, a leading provider of cloud-based charitable giving solutions, to help streamline the operational and grantmaking needs ...

Northern Trust has bolstered the leadership within its wealth business with the appointment of Srilatha Lakkaraju as the new director of charitable giving solutions. In her new role within the firm's ...

Kristina Byas is contributor at Investopedia. As a personal finance expert, she has lent her insights and knowledge to numerous financial publications. Her articles have helped readers navigate the ...

A trust structure, commonly used for estate planning, can be problematic in certain civil law jurisdictions, such as those in many European countries. Recent acts enacted in Wyoming and New Hampshire ...

The ultra-wealthy are using charitable giving vehicles like donor-advised funds and private foundations to avoid taxes and exert influence, at the expense of ordinary taxpayers, according to a new ...

The trust-based philanthropy movement has arisen over the past decade with a crucial vision of empowering nonprofit and community-based organizations as collaborators with grant makers, not simply as ...

Philanthropically minded clients often create private foundations to structure their giving because foundations provide significant advantages: They give donors considerable control over investment ...

Many individuals and families contemplate establishing a private foundation as a means to give back to their communities or support causes close to their hearts. By utilizing a foundation, they can ...

With many forecasting a recession, it's critical for business owners to save on their taxes. Higher taxes can make it more difficult for companies to grow, especially when times are hard. There's a ...