Details

A Passion for Giving


A Passion for Giving

Tools and Inspiration for Creating a Charitable Foundation
1. Aufl.

von: Peter Klein, Angelica Berrie

37,99 €

Verlag: Wiley
Format: EPUB
Veröffentl.: 15.12.2011
ISBN/EAN: 9781118235775
Sprache: englisch
Anzahl Seiten: 320

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Beschreibungen

<p><b><i>Praise for</i> A Passion for Giving</b> <p>"Klein and Berrie have produced a great book that manages to make complex issues simple. It blends with grace and craft the deep with the practical and the concrete with the philosophical. It is a precious tool for both the neophyte and the experienced philanthropist. It is both a useful manual and a profound exploration of the core values of giving. In a word, this book is a true gift."<br/> –<b>Andres Spokoiny,</b> President and CEO, Jewish Funders Network <p>"Through the years, many people have asked us why we set up our family foundation and how we went about accomplishing this goal. The 'why' is easy to answer: we are fortunate enough to be able to give back and help others in need. The 'how' is perfectly explained in this compelling and very informative book by Peter Klein and Angelica Berrie."<br/> –<b>Marilyn and Barry Rubenstein,</b> The Marilyn and Barry Rubenstein Family Foundation <p>"This book should be required reading for new donors and experienced philanthropists. Klein and Berrie have crafted a winning combination of practical guidelines and heartfelt personal accounts to create a moving call to action for anyone who wishes to give back. The stories remind us that when philanthropy, an intensely personal journey, is coupled with deep learning, transformation occurs for both the recipient and the donor."<br/> –<b>Debra Mesch, PhD,</b> Professor and Director, Women's Philanthropy Institute, IUPUI <p>"I wish I could have had this book to guide me and refer to as my wife, Andrea, and I launched our Harbor Glow Foundation a decade ago. We would have been much more efficient in the process and more focused in our direction from the get-go. Peter and Angelica capture the spirit and nitty-gritty of a family foundation."<br/> –<b>Michael Leeds,</b> Co-Chair, Harbor Glow Foundation
Preface xiii <p>Acknowledgments xv</p> <p><b>Part I So You Want to Be a Philanthropist 1</b></p> <p>Chapter 1 <b>Estate Planning and Charitable Giving 7</b></p> <p>Estate Planning 101 10</p> <p>The Estate Planning Process 17</p> <p>Case Study—Estate Planning 101 18</p> <p>Summary 20</p> <p>Chapter 2 <b>Charitable Giving 21</b></p> <p>What Is a Nonprofi t Entity? 23</p> <p>Due Diligence 24</p> <p>Digging Deeper 27</p> <p>Donor Advised Funds (DAFs) 31</p> <p>Community Foundations 37</p> <p>Summary 40</p> <p>Chapter 3 <b>Starting a Private Foundation 41</b></p> <p>The History of Private Foundations 42</p> <p>Leaving a Stated Mandate for Future Generations 46</p> <p>Modern History of Private Foundations 48</p> <p>Creating a Private Foundation 50</p> <p>Form 1023 58</p> <p>Guiding Documents 59</p> <p>The Mission Statement 62</p> <p>Code of Ethics 64</p> <p>Be Proactive and Know Your Charities 65</p> <p>Summary 66</p> <p>Chapter 4 <b>Managing a Private Foundation 67</b></p> <p>Form 990-PF 68</p> <p>The Foundation’s Board and Governance Issues 79</p> <p>Summary 87</p> <p>Chapter 5 <b>Managing a Private Foundation—Grant Making and Operations 89</b></p> <p>Type of Support: Periodic versus Endowments and General versus Program-Based 91</p> <p>What Type of Foundation Will We Become? 93</p> <p>Sourcing a Grant 97</p> <p>The Acknowledgment Process 100</p> <p>The Pre-Proposal Briefi ng Form (PPBF) 102</p> <p>The Due Diligence Process 109</p> <p>Progress Reporting and Evaluation 116</p> <p>Summary 120</p> <p>Chapter 6 <b>Investment Management for Private Foundations 123</b></p> <p>The Investment Management Process 124</p> <p>“Why Is the Investment Management Process Important to Me?” 126</p> <p>The Investment Committee 127</p> <p>The Investment Policy Statement 130</p> <p>Addendums to the Investment Policy Statement 145</p> <p>Manager Search and Implementation Phase 150</p> <p>Communication 152</p> <p>Summary 155</p> <p><b>Part II A Passion for Giving 157</b></p> <p><b>Lessons in Philanthropy</b></p> <p>Chapter 7 <b>The Gift 165</b></p> <p><b>Philanthropy as the Gift of Who You Are</b> Giving Begins with the Self 165</p> <p>What Are You Most Passionate About? 166</p> <p>The Greatest Gift 168</p> <p>Summary 169</p> <p>Chapter 8 <b>Purpose 171</b></p> <p><b>Ken Behring’s Story</b></p> <p>Introduction by Glen Macdonald, President of the Wealth and Giving Forum 171</p> <p>“Somebody Told Me about the Word <i>Purpose</i>” by Ken Behring 174</p> <p>Summary 179</p> <p>Resources 180</p> <p>Chapter 9 <b>The Gifted Giver 181</b></p> <p><b>Lessons from <i>Peter Karoff</i> (Chairman and Founder of The Philanthropic Initiative) with Insights from <i>Joel Fleishman</i> (Professor of Law and Public Policy at Duke University)</b></p> <p>The Philanthropic Learning Curve 182</p> <p>Ambitious Goals and <i>Big</i> Ideas 183</p> <p>The Gifted Giver 187</p> <p>The Transformational Gain of Giving 190</p> <p>Summary 191</p> <p>Resources 192</p> <p>Chapter 10 <b>The Power of One 195</b></p> <p><b>Lessons from <i>Lisa Nigro</i> (the Inspiration Corporation) and Chip Paillex (America’s Grow-a-Row)</b></p> <p>The Inspiration Corporation 196</p> <p>America’s Grow-a-Row 199</p> <p>Summary 203</p> <p>Resources 203</p> <p>Chapter 11 <b>The Feminine Principle—Women Leading through Philanthropy 205</b></p> <p><b>Lessons from <i>Peggy Dulany</i> (Founder of Synergos Institute), Ellen Remmer (President and CEO of the Philanthropic Initiative), and <i>Monica Winsor</i> (Vice Chair, Women Moving Millions)</b></p> <p>Women as Change Agents 206</p> <p>Peggy Dulany’s Story 208</p> <p>Ellen Remmer: How Women Are Transforming Philanthropy 211</p> <p>Monica Winsor’s Story 212</p> <p>Summary 215</p> <p>Resources 215</p> <p>Chapter 12 <b>Empowering the Next Generation 217</b></p> <p><b>Lessons from <i>Sharna Goldseker</i> (Vice President, Andrea and Charles Bronfman Philanthropies, and Director of 21/64), <i>Ruth Cummings</i> (Chair, the Nathan Cummings Foundation), and <i>Lance Lindblom</i> (President and Chief Executive Officer, the Nathan Cummings Foundation)</b></p> <p>Sharna Goldseker’s Story 217</p> <p>Four Generations of Giving: Lessons from the Nathan Cummings Foundation 221</p> <p>Summary 232</p> <p>Chapter 13 <b>Philanthropists as Explorers 233</b></p> <p><b>Lessons from <i>Scott McVay</i> (Founding Executive Director of the Geraldine R. Dodge Foundation, and 16th President of Chautauqua Institution), <i>Aimee Morgana</i> (Founder of the N’kisi Institute), and <i>Paul Winter</i> (Founder of Music of the Earth, Inc.)</b></p> <p>Scott McVay’s Story 234</p> <p>The Journey of Discovery: Aimee Morgana’s Story 236</p> <p>The Grand Symphony of Life: Paul Winter’s Story 238</p> <p>Summary 241</p> <p>Resources 242</p> <p>Chapter 14 <b>The Journey from Doing Good to Making Change 243</b></p> <p><b>Lessons from <i>Christine DeVita</i> (President, the Wallace Foundation)</b></p> <p>A Passion for Learning and the Arts 243</p> <p>Learning from Mistakes 245</p> <p>Strategy and Listening to Feedback 246</p> <p>Summary 248</p> <p>Resources 249</p> <p>Chapter 15 <b>Heart and Soul 251</b></p> <p><b>Lessons from <i>Amy Goldman</i> (Chair and Executive Director of the GHR Foundation), and <i>Lynn Schusterman</i> (Chair of the Charles and Lynn Schusterman Family Foundation)</b></p> <p>Amy Goldman’s Story: Interfaith in Action 251</p> <p>Lynn Schusterman’s Story: Three Thousand Years of Jewish Giving 255</p> <p>Summary 258</p> <p>Chapter 16 <b>The Philanthropic Journey 259</b></p> <p>A Vision for Change 259</p> <p>Summary 262</p> <p>Resources 262</p> <p>About the Authors 263</p> <p>About the Participants 267</p> <p>Index 287</p>
<p><strong>PETER KLEIN (HUNTINGTON NY)</strong>, CFA, is a Senior Vice President/Investments with UBS Financial Services. In addition, he has been the President/Treasurer of The Claire Friedlander Family Foundation since it was first established in 2008. For many years,?Klein was the financial advisor to Claire Friedlander—she entrusted her financial legacy to?Klein to perpetuate her ideals, beliefs, and concerns.?Klein has been an adjunct Professor of Graduate Finance at C.W. Post College of Long Island University. He is the author of <em>Getting Started in Security Analysis</em> (Wiley 2009).?Through his career,?Klein has been called upon for major television/radio appearances to discuss investment strategy, analysis, and related financial services. <p><strong>ANGELICA BERRIE (ENGLEWOOD NJ)</strong> is President of the Russell Berrie Foundation, which makes transformational gifts to seed innovative philanthropic ventures that express Russ Berrie's entrepreneurial spirit. After the death of her husband, NJ sales entrepreneur and philanthropist, Russell Berrie, Angelica assumed the role of CEO and Vice-Chair of the Board of Russ Berrie and Co. Inc., a global gift company listed on the New York Stock Exchange. The global gift company is best known for its lovable stuffed toys and popular products like the RUSS trolls. Angelica is also CEO of Kate's Paperie, a five-store chain of globally sourced specialty paper and gift wrap (Manhattan and Greenwich CT).
<p><b><i>Praise for</i> A Passion for Giving</b> <p>"Klein and Berrie have produced a great book that manages to make complex issues simple. It blends with grace and craft the deep with the practical and the concrete with the philosophical. It is a precious tool for both the neophyte and the experienced philanthropist. It is both a useful manual and a profound exploration of the core values of giving. In a word, this book is a true gift."<br/> –<b>Andres Spokoiny,</b> President and CEO, Jewish Funders Network <p>"Through the years, many people have asked us why we set up our family foundation and how we went about accomplishing this goal. The 'why' is easy to answer: we are fortunate enough to be able to give back and help others in need. The 'how' is perfectly explained in this compelling and very informative book by Peter Klein and Angelica Berrie."<br/> –<b>Marilyn and Barry Rubenstein,</b> The Marilyn and Barry Rubenstein Family Foundation <p>"This book should be required reading for new donors and experienced philanthropists. Klein and Berrie have crafted a winning combination of practical guidelines and heartfelt personal accounts to create a moving call to action for anyone who wishes to give back. The stories remind us that when philanthropy, an intensely personal journey, is coupled with deep learning, transformation occurs for both the recipient and the donor."<br/> –<b>Debra Mesch, PhD,</b> Professor and Director, Women's Philanthropy Institute, IUPUI <p>"I wish I could have had this book to guide me and refer to as my wife, Andrea, and I launched our Harbor Glow Foundation a decade ago. We would have been much more efficient in the process and more focused in our direction from the get-go. Peter and Angelica capture the spirit and nitty-gritty of a family foundation."<br/> –<b>Michael Leeds,</b> Co-Chair, Harbor Glow Foundation

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