The benefits aren't available for IRA transfers to most private foundations and donor-advised funds.
Private foundations were the rage in the 1990s, with some promoters selling "foundation-in-a-box" kits to the merely affluent.
Only then did he reveal that he had conducted most of this philanthropy through private foundations set up in Bermuda.
At the moment, governments (and, in the case of astronomy, private foundations) are rich enough and indulgent enough to let researchers play.
Hybl is currently Chairman and Chief Executive Officer of El Pomar Foundation, one of the largest private foundations in the Rocky Mountain west.
In some states, like Washington, private foundations and credit unions are starting to establish low-interest loan programs and other schemes for applicants of limited means.
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Unlike gaudy jewels, palatial homes, and ostentatious cars, private foundations are a uniquely admired, understated way to make the powerful statement that you have arrived.
Donations to donor-advised funds or even most private foundations won't qualify.
Also excluded are nonprofits with few direct donors (virtually all private foundations) and charities that get a majority of their gifts indirectly via community-chest-like-fundraising drives run by others.
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The Second Global Private Donor Forum took place at the margins of COP10 in Nagoya, gathering prominent figures from diverse sectors, including business, private foundations and the international political platform.
These private foundations are required by law to give away 5% of their assets each year to support charitable causes, like feeding the hungry, protecting the environment and curing disease.
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While private foundations often funnel money into disease research, the ability of a community of people to come together so quickly and deliver funding directly to an early stage researcher is a newer phenomenon.
For all the palaver from politicians and private foundations about the need to eradicate the ghastly and often deadly disease of malaria, health officials still won't vigorously employ the most effective weapon against it: DDT.
Further, the intermediaries and subgrantees have thus far attracted a remarkably sound and diverse set of more than 150 private funders, ranging from private foundations to community foundations to United Ways to corporations to large individual donors.
There will probably be a law against such shenanigans as putting money in a donor-advised fund to take advantage of more liberal deductions than are allowed for private foundations and then having the fund feed your private foundation.
While they perhaps lack recognizable names, the community foundations, with their local roots and knowledge, will help you identify worthy local charities. (You can find one serving your community here.) Although the superrich tend to set up their own private foundations, Hurwitz says that the New York Community Trust counts three billionaires among its donors.
Indeed, donor-advised funds, both those run by community foundations like the Trust and those affiliated with investment firms, such as the Fidelity Charitable Gift Fund, the Vanguard Charitable Endowment Program, and the Schwab Charitable Fund, are a fine way for folks who aren't rich enough to set up their own private foundations to funnel money over time to their favorite charities.
Private family foundations have the fewest expenses and requirements.
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You should also strongly consider applying for private scholarships through foundations and corporations.
The conference brought together students, teachers, advocates, the private sector, foundations, and policymakers to share best practices to make our schools safer.
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Most of the group's funding comes from private individuals and foundations.
It requires commitment from partner countries, coupled with support from donors, civil society, people living with HIV, faith-based organizations, the private sector, foundations, and multilateral institutions.
But Latma is wholly funded by private contributors and foundations.
Ironically, the proposals barely touch the Warren Buffets and other super-rich who derive their revenue from capital gains and dividends and keep the bulk of their wealth from taxation by setting up private charities and foundations.
There are plenty of other ways to avoid paying taxes by redirecting money to private charities and foundations and so forth, or by buying a home or running a farm or receiving health insurance from your employer.
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Foundations and private research institutions are also investing in the neuroscience that will advance the BRAIN Initiative.
OneWorld Health is a non-profit pharmaceutical company that works with foundations, private sector companies and governments to develop drugs for diseases of poverty.
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In the past, IRA funds donated this way could not be used for contributions to donor-advised funds, supporting organizations or private non-operating foundations.
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The then-prime minister's drive to contract out public-sector tasks to the private sector laid the foundations for firms taking over such services as school and hospital meals, buildings maintenance and even staff training.
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