Sterling Foundation Management LLC is the oldest national foundation management firm in the country and the nation’s leading facilitator of sales and income interests in charitable remainder trusts. Sterling works with a broad range of clients and high net worth individuals to develop solutions that help them achieve their philanthropic, family and financial goals through the effective use of private foundations and other charitable-planning vehicles and financial services.
Is your family’s legacy at risk?
Private foundations are an ingrained part of American philanthropic history that goes back to the days of industry giants like Andrew Carnegie and John D. Rockfeller. Today, there are approximately 100,000 U.S. foundations, which have distributed over $56 billion. While these private foundations typically receive little media attention, several have recently garnered unwanted news coverage […]
Is your philanthropy effective?
The most effective private foundations are those that take advantage of the best strategies, methods and tools. Here, we highlight several key best practices, which, if applied, can offer foundations profound benefits and improve their effectiveness. A CLEAR MISSION In most cases, effectiveness starts with a clearly defined goal. History has shown that the greatness […]
Does a CRT rollover make sense for your client?
Charitable remainder trusts (CRTs) enable clients to convert appreciated assets into lifetime income streams, defer capital gains taxes, reduce estate taxes, protect assets from creditors and distribute funds to charities they’re favorable to. However, because CRTs are irrevocable, many clients get frustrated when a trust they established in the past becomes misaligned with their current […]
Your vision, your family, your private foundation: What happens when you’re gone?
Henry Ford left a major fortune to his foundation that was to be administered after his death. When he created the Ford Foundation, he made it clear that his intention was to avoid estate taxes and retain control of his business. But, he left very little in the way of lifetime examples or instructions on […]
