November 1, 2001 | Read Time: 1 minute
Family Foundation Handbook
by Jerry J. McCoy and Kathryn W. Miree
“Should I create a family foundation, or is there a more effective way to involve my family in charitable giving? How do I handle grant administration? Can I pay myself or a member of my family a salary for foundation work?” These are among the important questions lawyers, accountants, financial planners, and other professionals must answer when their clients set up a family foundation, write Jerry J. McCoy, a lawyer in Washington, and Kathryn W. Miree, president of Kathryn W. Miree & Associates, in Birmingham, Ala.
The Family Foundation Handbook draws from Internal Revenue Service regulations and practical experience to help professionals answer these and other questions they are likely to hear from clients interested in setting up a family foundation.
After an introduction, one chapter provides information meant to help a donor decide if he or she should create a family foundation. Subsequent sections provide detailed guidance on how to design and create a foundation and how to run it–including I.R.S. restrictions, how to make grants, and how to administer the organization. A final chapter talks about issues such as public relations, resolving family conflicts, and transferring the foundation to the next generation. The book includes worksheets, charts, and sample tax forms.
Publisher: Panel Publishers, Distribution Center, Aspen Publishers, 7201 McKinney Circle, Frederick, Md. 21704; (800) 234-1660; fax (800) 901-9075; customer.service@aspenpubl.com; http://www.aspenpub.com; 708 pages; $165; I.S.B.N. 0-7355-1645-6.
