From the dawn of recorded history, those who have the means have purchased or otherwise financed the work of those whom we call artists – talented individuals capable of producing what we call works ...

The J. Paul Getty Trust is the single largest private operating foundation in the U.S. today, with over $12 Billion in assets. Many times, an artist or collector wishes to preserve their collection by ...

Philanthropically minded donors often consider creating and funding a charitable organization that will make charitable grants with the objective of establishing a lasting legacy. Such donors quickly ...

ALBANY — The foundation that supports fundraising efforts and other activities at the state University at Albany has not been audited by SUNY administrators in more than 10 years, according to a ...

With the extended 990-PF filing deadline approaching for private foundations on a calendar year accounting period, foundation leaders should ensure that they have paid the 1.39% net investment income ...

When we advise clients with private foundations, we have to remember that one size does not fit all. The nearly 100,000 private non-operating foundations in the U.S. vary widely, from the amount of ...

The following legal definitions are adapted from the first chapter of Charitable Foundations: the Essential Guide to Giving and Compliance, by Daniel N. Belin, a lawyer and consultant with more than ...

The nonprofit world breathed a sigh of relief Tuesday when the Senate finally approved the tax bill without language that would have sharply increased taxes on private foundations. The removal from ...

Alya Michelson is the co-chair of Michelson Philanthropies, a Los Angeles-based network of private operating foundations founded and cochaired by her husband, spinal surgeon, inventor and ...

A public nonprofit organization is also known as a public charity. A private nonprofit organization is also known as a private foundation or a nonprofit foundation. It can sound quite confusing and, ...