Crafting Charitable Pledges

Crafting Charitable Pledges

A recent private letter ruling provides much needed guidance

The drafting of charitable pledges, especially those for large amounts, is often mishandled. Why? Because the parties involved don’t consider whether the pledge as drafted will be enforceable or whether the individual making it will want some third person, such as a private foundation (PF), to pay part or all of the pledge. Failure to consider these matters oc

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TAGS: Philanthropy
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