With a traditional deferred gift annuity, guaranteed annuity payments are made to a donor and/or another individual for life, starting at a specified date more than one year from the donor's transfer to the charity. Typically, a donor who has...
With just two revenue rulings, the Internal Revenue Service established the 5 percent exhaustion rule, which essentially says that if there is a more than 5 percent possibility that a charitable remainder annuity trust (CRAT) will run out of...
In an expos published in 2003, The Boston Globe reported that officers and directors at scores of foundations were themselves the principal beneficiaries of their foundations' assets, receiving compensation packages that sometimes surpassed what...
After a year of scandals, the not-for-profit community might find inspiration in Shakespeare's aphorism: Sweet are the uses of adversity. Charities and private foundations recently vowed to turn public scandals and congressional inquiries into...