PRESSROOM


November 2010

Detroiter: In The News

The Matilda R. Wilson Fund of Detroit has selected Neithercut Philanthropy Advisors to conduct a project in support of its grantmaking operations.

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March 7, 2010

Freep.com

Freep: Business Making News

Neithercut Philanthropy Advisors, with offices in Detroit and Chicago, was selected by the Max M. & Marjorie S. Fisher Foundation of Southfield to provide guidance to the foundation on grantmaking systems and procedures.


April 5, 2009

Crain's Detroit Business

Crain's Detroit business: Business Diary

Neithercut Advisors L.L.C. in Detroit has been selected by the Kansas Health Foundation to lead the planning and implementation process for the second 10 years of GROW (Giving Resources to Our World) Healthy Kansas, a major project of the Kansas Health Foundation. The project's goal is to help more Kansas community foundations build permanent resources to measurably improve the health of local residents.

March 30, 2009

Philanthropy Journal

Philanthropy Journal

Neithercut Advisors, Detroit, selected by Kansas Health Foundation to lead planning and implementation for GROW (Giving Resources to Our World) Healthy Kansas, community-based initiative to improve the health of Kansas residents.

March 4, 2009

DBusiness

DBusiness: Awards, recognition

The Detroit Executive Association appointed Mitchell Simon president, John Adamo vice-president, Mark Stackpoole treasurer and June Cox executive secretary.

The Steering Committee appointed Mark Neithercut to the board of National Network of Consultants to Grant makers.

March 3, 2009

DBusiness

Dbusiness: Mark Neithercut of Neithercut Advisors in Detroit Appointed to Board of National Network of Consultants to Grantmakers

Mark Neithercut, principal of Neithercut Advisors LLC of Detroit, has been appointed to the Steering Committee, which functions as the board, of the National Network of Consultants to Grantmakers, the largest trade association in the nation to bring together consultants dedicated to increasing and strengthening the practice of philanthropy.

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November 9, 2008

Crain's Detroit Business

Crain's Detroit Business: Family foundations on rise; creating a legacy among the benefits

As quoted in the article by Sherri Begin Welch

...According to the Foundation Center in New York, the number of all foundations in Michigan grew 20 percent to 2,092 between 2000 and 2006, said Mark Neithercut of Neithercut Advisors L.L.C. in Detroit.

In 2006, 48 percent of family foundations gave away less than $50,000 per year, and 60 percent had assets less than $1 million, Neithercut said, again citing Foundation Center data. “That means there are thousands of tiny family foundations out there,” he said.

It takes several months and about $5,000 in legal fees to set up a family foundation, he said. “We advise families not to think about a family foundation unless they are funding it with at least $10 million, because of the administrative costs.”

“I think sometimes people establish family foundations because they think it's a trendy thing; they don't realize the ongoing paperwork and expenses associated with that charitable giving option,” Neithercut said. “If your goal is charitable ... there may be better ways to do this, especially if your assets are small.”.

<To see the entire article, go to Crain's Detroit (may require a subscription) or call our offices.>

September 27, 2006

Philanthropy Journal

PHILANTHROPY JOURNAL: Protecting Family Foundations

How can family foundations avoid trouble with regulators?  Awarding scholarships can be a serious red flag.  So can allowing board members, staff or friends to fulfill personal pledges with foundation grants.

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