Regulations Unveiled for ‘Chutzpah’ Trusts
By ELIZABETH SCHWINNIn a second set of rules on charitable remainder trusts, the I.R.S. spelled out its prohibition against so-called chutzpah or “full Monty” trusts, named for the technique’s brazenness for sheltering capital gains from taxes. The trusts were marketed mainly by for-profit…
By Elizabeth Schwinn
Contributor
IRS Issues Final Rules On ‘Vulture’ Trusts
By ELIZABETH SCHWINNThe Internal Revenue Service has issued final rules aimed at closing down a type of charitable lead trust in which gravely ill people are exploited to help wealthy ones save on taxes. The revenue service relaxed some of the restrictions it had suggested when it first proposed…
By Elizabeth Schwinn
Contributor
‘Washington Monthly’: the New Rich
The newly rich technology entrepreneurs who have sought to experiment with philanthropy come in for a harsh attack in The Washington Monthly (January-February). “Despite its clever co-optation of rhetoric befitting a Sally Struthers infomercial, the dot-com set’s spotty philanthropic track record…
‘Fast Company’: the Markle Fund
By NICOLE LEWISThe John and Mary R. Markle Foundation is “crossing some once-sacred lines in the foundation world” by planning to distribute half of its $200-million endowment in the next several years and considering grants to for-profit companies, says the magazine Fast Company (February). Those…
By Nicole Lewis
Contributor
‘Public Interest’: Nonprofit Salaries
By HARVY LIPMANThe journal The Public Interest (Winter 2001) examines the question of whether top executives at nonprofit organizations are paid too much and discusses how their salaries could be regulated. Peter Frumkin, assistant professor of public policy at Harvard University’s John F. Kennedy…
By Harvy Lipman
Contributor
Leadership Development in Higher Education
Leadership Reconsidered: Engaging Higher Education in Social Change discusses the importance of leadership-development education at the university level in order to prepare students for life after college and to help them find solutions to pressing social problems. Written by a dozen scholars and…
By Gwen A. Williamson
Contributor
Guide to American Artists’ Colonies
Artists Communities: A Directory of Residences in the United States that Offer Time and Space for Creativity, Second Edition, edited by Tricia Snell, profiles more than 80 artists’ colonies in the United States, programs that, the editor explains, “free artists from their everyday obligations and…
By Gwen A. Williamson
Contributor
Legal Guidebook for Nonprofit Organizations
Starting and Managing a Nonprofit Organization: A Legal Guide, Third Edition
By Gwen A. Williamson
Contributor
Story of McKnight Foundation Leader
Master of Creative Philanthropy: The Story of Russell V. Ewald
By Gwen A. Williamson
Contributor
Steps to Building and Managing a Public School Foundation
Creating Foundations for American Schools
By Gwen A. Williamson
Contributor