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

As the world faces one of the largest refugee crises since World War II, understanding how to fund effective solutions has proven to be a difficult, complex task… Read More

Over the past 18 months, the trustees and staff of the David Rockefeller Fund have embarked on a journey to engage a new generation of family trustees and reinvent a 25 year-old family foundation for a new century of philanthropic challenges… 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