Philanthropy

Acceptance and Solicitation Policy #

A set of guidelines that outline the conditions under which a nonprofit organization will accept and solicit charitable gifts. It may include restrictions on certain types of gifts, such as real estate or securities, and may also establish procedures for reviewing and approving large or complex gifts.

Angel Investor #

An individual who provides financial backing to start-up companies or entrepreneurs, often in exchange for equity or convertible debt. Angel investors typically provide funding in the early stages of a company's development, before it is eligible for venture capital financing.

Assets Under Management (AUM) #

The total market value of all the assets that a financial institution, such as a bank or investment firm, manages on behalf of its clients. In the context of private wealth management, AUM refers to the total value of the investment portfolios managed by a wealth management firm or advisor for high net worth individuals and families.

Board of Directors #

A group of individuals elected by the members or shareholders of a nonprofit organization to provide governance and oversight. The board is responsible for setting the organization's mission and strategic direction, as well as ensuring that it is financially stable and legally compliant.

Charitable Lead Trust #

A type of trust that allows a donor to make a current gift to a charity, while also providing for the eventual transfer of assets to heirs or beneficiaries. The charity receives regular payments from the trust for a set period of time, after which the remaining assets are transferred to the beneficiaries. This type of trust can help reduce the donor's estate tax liability, while also providing support to a favorite charity.

Charitable Remainder Trust #

A type of trust that allows a donor to make a current gift to a charity, while also providing for a stream of income to the donor or other beneficiaries for a set period of time. The charity receives the remaining assets in the trust after the income beneficiaries have passed away or the trust term has ended. This type of trust can provide the donor with a steady income stream, as well as a charitable income tax deduction and potential estate tax savings.

Challenged Gift #

A charitable gift that requires additional review and consideration due to its complexity or potential risks. Challenged gifts may include real estate, closely held securities, or other assets that may be difficult to value or sell. They may also involve legal or regulatory issues that need to be addressed before the gift can be accepted.

Community Foundation #

A type of public charity that supports a specific geographic area, such as a city or region. Community foundations raise and manage charitable funds from a variety of sources, and make grants to local nonprofit organizations that address a wide range of community needs, such as education, health, housing, and the arts.

Corporate Foundation #

A private foundation that is established and funded by a for-profit corporation. Corporate foundations are separate legal entities from the corporation, but are typically governed by a board of directors that includes corporate executives. They make grants to nonprofit organizations that align with the corporation's philanthropic goals and values.

Corporate Social Responsibility (CSR) #

A self-regulating business model that helps a company be socially accountable to itself, its stakeholders, and the public. By practicing corporate social responsibility, also known as corporate citizenship, companies can be conscious of the impact of their activities on the environment, consumers, employees, communities, stakeholders and all other members of the public sphere. Corporate Social Responsibility […]