CHICAGO--(BUSINESS WIRE)--Northern Trust is partnering with Foundation Source, a leading provider of cloud-based charitable giving solutions, to help streamline the operational and grantmaking needs ...

In his influential 1889 work "The Gospel of Wealth," Andrew Carnegie postulated that the affluent have an obligation beyond providing for their own families—to utilize their fortunes as public trust ...

Kristina Byas is contributor at Investopedia. As a personal finance expert, she has lent her insights and knowledge to numerous financial publications. Her articles have helped readers navigate the ...

Forbes contributors publish independent expert analyses and insights. Matthew F. Erskine is a trusts and estates attorney. The J. Paul Getty Trust is the single largest private operating foundation in ...

CINCINNATI--(BUSINESS WIRE)--Nine private family foundations in The Foundation Office at Fifth Third Bank, National Association, announced grants totaling more than $6.5 million in 2022. Grants were ...

Scores of private charitable foundations, set up by some of the nation's wealthiest people, received money from the federal government's Paycheck Protection Program, which was created last spring to ...

The ultra-wealthy are using charitable giving vehicles like donor-advised funds and private foundations to avoid taxes and exert influence, at the expense of ordinary taxpayers, according to a new ...

In Private Letter Ruling 202328004 (April 18, 2023), a transferring private foundation sought several rulings involving Internal Revenue Code Sections 507, 4940, 4941 ...

A recently released Private Letter Ruling offers guidance on what constitutes self-dealing transactions between private foundations (PFs) and certain “disqualified persons.” To combat the temptation ...

Creating a private family foundation offers affluent families a structured way to direct their philanthropic efforts and establish a lasting legacy that aligns with their values. However, this ...

On Friday, April 29, 2022, Ramsey County District Court Judge Awsumb issued a decision in the highly publicized case brought by the Minnesota Attorney General’s Office seeking removal of the three ...