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PUBLICATIONS
FAMILY FOUNDATION ADVISOR: Is Perpetuity Too Long? Family Foundations Can Increase Impact With Sunset Dates
July/August 2010
By Mark Neithercut
This article reviews the sunset-vs.-perpetuity issue and considers the potential benefits of a sunset date, with the special considerations of small family foundations in mind.
OTHER VOICES: Family foundations — Know when to close
October 25, 2009
By Mark Neithercut
More family foundations should plan in advance to shut their doors. This has nothing to do with their performance or the current economy and everything to do with their long-term success. According to 2008 figures, there are 2,306 foundations in Michigan; 80 percent of them are family foundations. The Foundation Center reports that 48 percent of family foundations awarded less than $50,000 in grants in 2007 and 59 percent had less than $1 million in assets. Most family foundations, especially these small ones, would benefit from establishing a “sunset date.”
OTHER VOICES: Loosen your strings on charitable giving
November 9, 2008
By Mark Neithercut
Loosen up, for gosh sakes.
Donors are increasingly putting strings on their charitable gifts. This “restricted giving” can be as simple as restricting a gift for the new library project at your alma mater or as complicated as requiring that your gift to the YWCA be used for equipment for the Saturday girls' (aged 6 to 8) soccer program.
