The Bill & Melinda Gates Foundation -- the largest philanthropy in the study, with almost $50 billion in assets -- was the only one to report that 0% of its holdings are with diverse firms.
There are unique considerations advisors need to take into account.
Industry participants expect an eventual EB-5 reauthorization, but the vagaries of the current Congress make it hard to predict when that might happen.
Questions advisors should be asking their clients (and themselves) ASAP in this frantic time of FOMO.
Around 90% of affluent households indicated they had responded to the Covid-19 pandemic with donations to organizations that provide basic necessities such as food, shelter and health care.
The report detailed how Laurene Powell Jobs, widow of Apple Inc. founder Steve Jobs, used GRATs to pass on about $500 million to her “children, friends and other family.”
From the big leagues to big finance.