Both have 501(c)(3) status, but they operate differently Reviewed by Lea D. Uradu Fact checked by Vikki Velasquez The Internal Revenue Service (IRS) allows for the creation of tax-exempt charitable ...

“The people who gave the money to make Mister Rogers’ Neighborhood are the people of this station and other Public Television Stations and The Sears-Roebuck Foundation.” If you grew up watching PBS ...

Heirs can generally benefit from a step-up in basis of inherited assets to their fair market value (FMV) as of the date of the decedent’s death. A recent program manager technical advice (PMTA) makes ...

Creating a private family foundation offers affluent families a structured way to direct their philanthropic efforts and establish a lasting legacy that aligns with their values. However, this ...

When philanthropic individuals and families think about their larger giving strategy, they tend to first focus on the “who” and the “how much.” Everyone has different priorities and motivations around ...

A question we are often asked by individuals looking to create a pool of charitable assets is whether they should establish a private foundation or a donor-advised fund. As with many of life’s big ...

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 ...

Two higher-education professional organizations have jointly created guidelines that may help stem the growing controversies surrounding the relationships between public institutions and their ...

Imagine that your foundation is dedicated to eradicating childhood asthma in your home state. One day, you are listening to the local news during your morning commute and you hear a report about an ...