Private Asset Management

Wealthy Wade Into Private Foundations 07/22/2009

--By Andrew Bloomenthal Private foundations are becoming increasingly popular with wealthy families looking to take a more hands-on approach to their charitable giving. Instead of simply cutting checks for their favorite causes, today’s wealthy are seizing the opportunity to micro-manage appropriations and observe the fruits of their philanthropic initiatives. Instead of donating money to a university and walking away, for example, many families now prefer to set up their own scholarship programs, where they can cherry pick the students whose lives they wish to change for the better. Laura Peebles, director of private client services at Deloitte Tax LLP, says one reason for this growing trend ...

To read this article, please subscribe or take a free trial.

Subscribe Subscribers have unlimited access to all current content, email alerts and breaking news. Start your subscription today - click on the button below. Subscribe		Free Trial Taking a free trial will give you access to the current issue, email alerts and breaking news for a limited period. Start your free trial today. Free Trial

Already Have An Account? Username: Password: