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Families & Individuals

Philanthropy across generations: creating a strategic roadmap

Families who give together know well that as their family grows in number and geographic reach through the generations, perspectives on philanthropic goals can take on new shapes and sizes. The initial charitable effort often evolves to reflect changes in family composition, affiliations with nonprofits, and diversity of giving vehicles. For many families, a primary goal is to create a smooth integration of the next generation into the family’s philanthropic efforts. There are as many different approaches as there are families, and the most effective plans reflect their unique goals while employing the appropriate selection of the various giving tools available.
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Nonprofits

Evaluating Payments in Lieu of Tax in Light of Nonprofit Directors' Fiduciary Duties

Payments in lieu of tax – or PILOTs – have proven a creative and successful approach to balancing the tax-exempt status of nonprofit entities with the need to finance rising costs of municipal services that benefit nonprofit and for-profit entities alike. By making voluntary payments in lieu of tax, nonprofits can further assist struggling communities and foster strong partnerships with local government, while at the same time preserving their historic tax exempt status.
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Businesses

Equity incentives for employees: options that don’t surrender control of the business

Owner-managed and family-owned businesses are often faced with the quandary of how to effectively motivate their teams to build and maintain value for the enterprise. Incentivizing employees for the long haul can be confusing territory, and owners should know that options are available in the grey area between cash bonuses and equity ownership. Offering creative packages that link employees to the growth of the company can have an immediate, positive impact on a company's cultural and financial future.
read more >

Philanthropy across generations: creating a strategic roadmap

Families who give together know well that as their family grows in number and geographic reach through the generations, perspectives on philanthropic goals can take on new shapes and sizes. The initial charitable effort often evolves to reflect changes in family composition, affiliations with nonprofits, and diversity of giving vehicles. For many families, a primary goal is to create a smooth integration of the next generation into the family’s philanthropic efforts. There are as many different approaches as there are families, and the most effective plans reflect their unique goals while employing the appropriate selection of the various giving tools available.
read more >

Evaluating Payments in Lieu of Tax in Light of Nonprofit Directors' Fiduciary Duties

Payments in lieu of tax – or PILOTs – have proven a creative and successful approach to balancing the tax-exempt status of nonprofit entities with the need to finance rising costs of municipal services that benefit nonprofit and for-profit entities alike. By making voluntary payments in lieu of tax, nonprofits can further assist struggling communities and foster strong partnerships with local government, while at the same time preserving their historic tax exempt status.
read more >

Equity incentives for employees: options that don’t surrender control of the business

Owner-managed and family-owned businesses are often faced with the quandary of how to effectively motivate their teams to build and maintain value for the enterprise. Incentivizing employees for the long haul can be confusing territory, and owners should know that options are available in the grey area between cash bonuses and equity ownership. Offering creative packages that link employees to the growth of the company can have an immediate, positive impact on a company's cultural and financial future.
read more >

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