|
There at the Beginning
One of the ways we're celebrating our centennial this year is to highlight the more than 100 great organizations to which the Boston Foundation provided crucial early support.
Did you know that the Boston Foundation was there at the beginning for the Boston Harbor Cleanup? Read more.
|
|
How TBF Works with Advisors
Laura Godine and the Development team are always available to help advisors meet their clients' charitable giving needs.
Donor Advised Funds can be established with gifts of $10,000 or more in cash, securities, complex assets, real estate and partnership or LLC interests.
Gifts to DAFs are generally tax-deductible and no yearly distribution is required. The Foundation charges a small annual fee for administration and management.
|
|
Need More Information?
Please contact
Laura Godine, Senior Director of Professional Advisor Relations.
|
|
|
Advisors to Peers:
Talk to Clients About Legacy Giving
|
|
| |
Jennifer S. Ewing
|
Scott E. Squillace
|
Attorney Advisors Scott E. Squillace and Jennifer S. Ewing anchored a roundtable discussion May 28 on philanthropy, legacy and effecting long-lasting change. The occasion was a Boston Foundation Centennial Breakfast at the Downtown Harvard Club, where the pair shared insights from their estate-planning practices with a group of trusts and estates attorneys. Referring to studies showing that advisors often are reluctant to bring up charitable giving when helping clients draft estate plans, Squillace and Ewing both reminded their peers that it's important to determine if clients want to leave a philanthropic legacy. "We have to talk about it," said Squillace. "You're not discharging your duties if you don't ask about it." Ewing, an attorney in Ropes & Gray's Private Client Group, urged the group of estate planners to recognize that while clients like the tax benefits that can come from charitable gifts, it is often not their first priority. "I think more about what they're trying to achieve from a non-tax perspective and then make sure it's structured tax-efficiently. That's really the driver. They want to create a legacy. They want to give back to the communities they've been involved in their whole life." Read More
|
New PAC/PAN Members Introduced at May Reception
|
| Advisors listen to remarks
by President and CEO
Paul S. Grogan. |
The Boston Foundation welcomed eight new members to its FY2016 Professional Advisors Committee (PAC) and 10 new members to its Professional Advisors Network (PAN) at a May 14 reception at 75 Arlington Street. In addition to the new members, PAC member Barbara Wand, of Day Pitney, will continue on as the PAC Chair for FY2016. The new members will join the panels July 1.
"We are very excited about the new ideas and feedback these new PAC and PAN members will bring to our work in the coming year," said Laura Godine, Senior Director of Professional Advisor Relations. "At the same time, we want to acknowledge the hard work, excellent advice, and other contributions our outgoing members have made. The advisor community is extremely important to philanthropy in our region, and we are so grateful for all they do."
The PAC
This committee counsels the Boston Foundation as it seeks to establish, develop and maintain strong working relationships with the members of the advisor community. The Committee also provides opportunities for members to exchange charitable giving ideas, learn about new issues in philanthropy and establish new relationships with other advisors.
Incoming members are:
- Sean Apgar, BBR Partners
- Kathryn Cook, The Fusion Group, Inc.
- Candace Lau-Hansen, J.P. Morgan Private Bank
- Jennifer Murtie, Federal Street Advisors
- Rebecca Pouliot, RINET Company
- Kylie Ruchioni, JDJ Family Office Services
- Sara Wells, Morgan, Lewis & Bockius
- Danielle York, 21/64
The PAN
The Foundation's Professional Advisors Network provides a dynamic place for professional advisors with 10-15 years of experience in a variety of disciplines, including law, accounting, financial planning, wealth management, insurance and family office services. Members of this network meet like-minded professionals, develop a deeper understanding of philanthropy and the role it can play in an advisor's practice and learn more about the Greater Boston community. Co-chairs in FY2016 will be Brett Barthelmeh of Squillace & Associates, P.C., Annette Eaton of Nixon Peabody LLP and Travis Hall of Admirals Bank.
New members this year are:
- Kelly Aylward, Tarlow, Breed, Hart & Rodgers
- Matthew Conroy, Argent Wealth Management
- F. Brooke Field, Andersen Tax
- Alexander Gross, Daintree Advisors
- William Leisman, Leisman Insurance Agency
- Lara Lyberg, Seamans Capital Management
- Brooke Manfredi, Foster Dykema Cabot & Co.
- Jordana Schreiber, Day Pitney
- Jessica Sullivan, PricewaterhouseCoopers
- Anne Warren, Brown Brothers Harriman
These advisors are rotating off the PAC:
- Robert Donnelly, Marsh USA
- Coventry Edwards-Pitt, Ballentine Partners
- A. Silvana Giner, Choate, Hall & Stewart
- James Kittler, JDJ Family Office Services
- Shamus McBride, Goldman Sachs
- Jacqueline McCoy, Paul | McCoy Family Office Services
- Anne Marie Towle, Athena Capital Advisors
These advisors are rotating off the PAN:
- Sarah Allen, Rice, Heard & Bigelow
- Alice Burley, Bessemer Trust
- Trevor Byrne, Morgan Stanley
- Alison Glover, Mintz Levin
- Jennifer Leisman Dessert, Leisman Insurance Agency
- Sam Quinn, J.P. Morgan Private Bank
- Kristin Shirahama, Rosenberg, Freedman & Lee
- Scott Tuxbury, New Wealth Advisors
|
Foundation Releases Book, Unveils New Lobby Exhibit
Executive directors and board chairs from scores of area nonprofits joined the Boston Foundation staff and donors for a book party on May 27 to celebrate the release of a new book and view the new lobby exhibits installed in honor of the Foundation's 100th anniversary this year.
There at the Beginning: How the Boston Foundation Took a Chance on More Than 100 Great Ideas that Worked tells the stories of 114 organizations and collaborations for which the Boston Foundation provided critical early support. These include WGBH-TV, the New England Aquarium, Success Boston, Mothers for Justice and Equality, the Boston TenPoint Coalition and many more.
The new lobby exhibit features explanatory panels that document key moments in the Foundation's first century, a "word band" that lists every "There at the Beginning" organization, and an interactive touch screen that allows visitors to explore the Foundation's impact in education, health, jobs, housing and neighborhoods, and arts and culture. It also tells the stories of several donors who have used the Boston Foundation as a home for their philanthropy. Next time you are here, please be sure to explore these exhibits.
Read the book here
View photos from the book party
Watch a short video
Read individual stories from the book online
View the Centennial website
|
Charitable Lead Trusts Are Attractive in Low-Interest Environments
Today's low-interest-rate environment makes charitable lead trusts (CLTs) very attractive to people who wish to pass on wealth to their family members in a tax-efficient manner. When the trust is created, the IRS determines the present value of the total gift to the charity over the life of the trust, and this present value is not subject to gift or estate tax. Low interest rates result in a higher present value.
A CLT is an irrevocable trust agreement that pays annual income to a nonprofit organization (charity) for a specified period of years, with the principal reverting to the donor or the donor's family when the trust ends. The annual income payment by the trust is similar to an outright gift of cash to the charity, which is free to use it upon receipt subject to any restrictions placed on the gift by the donor.
For more information about how your clients can use charitable lead trusts for their philanthropy, please contact Donna Driscoll, Director of Estate and Gift Planning, at 617-338-4268.
|
Donors and advisors gathered on May 6 for a presentation on Boston Foundation investments by Investment Committee Chair Grace Fey and Chief Investment Officer George Wilson. Kevin Callaghan, Managing Director of Berkshire Partners, provided an overview of the private equity firm's performance and investments and reported on the gains made by two of the Berkshire portfolios in which the Foundation is invested.
The $943 million in assets managed by the Foundation are invested in three separate pools within its Fund for the 21st Century, allowing donors to select the option that best matches the time horizon of their charitable giving plans. As of March 31, the Fund's Balanced Plus Pool was up 6 percent over the previous year, the Balanced Pool was up 4.2 percent, and the short-term pool was up .05 percent.
|
|
|
|
|
