What is Philanthropic Planning? Why Do I Need a Lawyer? / by Tony Madonia

Individuals who have vast wealth often want to do something for their communities, which is usually best accomplished through philanthropic giving to specific charities by way of establishing either a trust fund or a foundation. However, trust funds can be complicated financial instruments with significant legalities associated with the use of assets. Trusts and foundations…

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Benefits of Donating Stock to a Private Foundation / by Anthony Madonia

Donating cash to a private foundation is a great way to provide funds to various causes supported by the foundation. As a donor you receive an income tax deduction for the amount contributed up to 30% of your adjusted gross income. However, giving cash is not the only way to contribute to a private foundation.…

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