Jeffrey D. Haskell

1 month ago | worth.com | Dan Costa |Naveena Sadasivam |Caitlin Hamilton |Jeffrey D. Haskell

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Sep 10, 2024 | worth.com | Jeffrey D. Haskell

Many foundations that are established to solve society’s most pernicious problems have investments as their lifeblood. Their assets need to be invested in profitable businesses in order to sustain operations and grow. So, what happens when a foundation’s mission is directly contradicted by its own investments? What if the problems a foundation was created to solve are exacerbated or caused by the behavior of businesses found in its own investment portfolio?

Sep 1, 2024 | fa-mag.com | Jeffrey D. Haskell

It’s often assumed that donations of real estate to private foundations aren’t ideal because the charitable deductions for such donations are typically limited to whichever is less: the donor’s cost basis or the fair market value. And such donations are often dismissed out of hand, regardless of whether the property has depreciated or appreciated in value.

Apr 4, 2024 | fa-mag.com | Jeffrey D. Haskell

Sophisticated investors are often looking for ways to retain some level of control over their more complex assets—things such as real estate, collectibles and artwork. They not only hope to enjoy these items personally while in their possession, but later benefit from tax savings after donating them. An ideal way to do this is to give these assets to a private foundation. By doing so, the investors avoid capital gains tax and also get a charitable income tax deduction.

Oct 1, 2023 | fa-mag.com | Jeffrey D. Haskell

Many people take pleasure in collectibles and have perhaps amassed sizable and valuable collections of art, stamps, coins, jewelry, antiques or other forms of tangible personal property. However, despite the pervasiveness and often high value of these items, their owners often fail to plan adequately for their disposition.