REFRESH Nonprofit Basics: Charitable Support for Individuals Affected by a Disaster
The name of this blog is Legacy Matters. And, in our experience, legacy does in fact matter to the clients of Warner Norcross + Judd’s Private Client and Family Office Group when it comes to charitable giving designed to...more
Some administered charitable gifts may qualify as “charitable trusts” under the Uniform Trust Code (UTC) and as “institutional funds” under the Uniform Prudent Management of Institutional Funds Act (UPMIFA). An “institutional...more
When considering how to make a substantial gift to a charitable corporation, one should not rule out making it indirectly via assignment to an independent trustee. First, an independent trusteeship facilitates proper asset...more
A charitable lead trust (CLT) is a vehicle in which a donor funds a trust that makes fixed payments to charity over a specified period of time. The designated charity receives the benefits in the early years, while the...more