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Funding the Family Foundation: Considerations for Donors of Privately Held Securities

By Sonja K. Johnson , Esq., Morrison & Foerster LLP Private family foundations have long been a popular vehicle for high net worth individuals to take advantage of valuable tax planning opportunities while maintaining ongoing involvement with the foundation's charitable giving activities...

Morrison & Foerster LLP: Charities, S Corporations and UBIT: Why a Charitable Gift of S Corporation Stock May Not Be the Best Option

Not all charitable gifts are created equal, and a charity is not required to accept any and all donations of property, especially property that may be difficult to own or liquidate in furtherance of the charity's purpose. For instance, before a charity accepts a contribution of stock in an S corporation...

The Charity Deduction and Big Government

When you filed your tax return, did you claim a deduction for charitable giving? Chances are pretty good that you did, since roughly 80 percent of itemizers do. The charity deduction is one of the oldest provisions of the income tax, dating from 1917. And over the years, it's also been one of the...