Foundations are effective vehicles for families who want to make a collective philanthropic impact now and for generations to come. Traditionally, foundations have achieved this impact solely through strategic grantmaking. A growing number of foundations are looking for ways to go further, however. These foundations seek strategies that will allow them to deploy their investment portfolios – in addition to grantmaking – to advance their charitable missions without hurting the value of their endowments long-term. One such strategy, using “mission-related investments” or MRIs, is trending in the press and at sector conferences, but most foundation directors and trustees have yet to jump on its bandwagon. New guidance from the IRS may change that.
Generation to Generation is a curated resource featuring insights from Nutter’s Private Client and Nonprofit and Social Impact attorneys. Through blogs, client case studies, and downloadable guides, the site supports individuals, couples, and multi-generational families seeking to convey wealth, and its responsibilities, to children and grandchildren, make a philanthropic impact in the community, and prepare for the life events we all face.
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Editor in Chief; Partner, Private Client; Co-Chair, Nonprofit and Social Impact
Partner, Private Client
Chair, Tax; Co-Chair, Nonprofit and Social Impact