Sterling Foundation Management

Sterling Foundation Management

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The American College of Trust and Estate Counsel gratefully acknowledges the support of Ashar Group, BNY Mellon, Bonhams, CIBC Private Wealth US, Cumberland Trust, Sterling Foundation Management, STOUT and Willamette Management Associates as Bronze Sponsors for our 2021 Virtual Summer Meeting. #ACTEC #announcements #estateplanning
Welcome to the Opening Ceremonies for the Best Buddies Virginia & DC Virtual Friendship Walk! We’re so excited to have you join us as we celebrate friendship, supported employment, leadership development, and inclusive living.

Thank you to our walkers, supporters, donors, and all our generous sponsors! Thank you to our Presenting Sponsor, Sterling Foundation Management! Thank you to our Gold Sponsors, Audi USA, Embassy of the State of Qatar, Jim Feldman & Natalie Wexler, Steptoe & Johnson Llp and The Tommy Show! - Real. Fun. DC. Thank you to our Silver Sponsor, Color Street and our Bronze Sponsors, JBG SMITH and Your Peeps!

Congratulations to our School Teams, Community Teams, Corporate Teams, and all of our Walkers! Thank you for helping us sustain and grow our programs throughout the Commonwealth of Virginia and Washington, DC! www.bestbuddiesfriendshipwalk.org/virginia-dc
The Kickoff Tailgate to the 54th Annual Heckerling Institute on Estate Planning Conference was a massive success and a great way to start one of the best conferences of the year. It was so nice catching up with our friends from Empire Valuation Consultants, Sterling Foundation Management, and Heritage Auctions.
Thank you to our Presenting Sponsor, Sterling Foundation Management

Sterling makes having a private foundation easy, rewarding, and worry-free. Sterling Foundation Management is the oldest national private foundation management firm in the country and is the nation's leading facilitator of sales of income interests in Charitable Remainder Trusts (CRTs).

Sterling works with a broad range of clients and high net worth individuals in developing solutions to help them achieve their philanthropic, family, and financial goals through the effective use of private foundations and other charitable planning vehicles and financial services. Sterling is a leading provider of charitable planning solutions to financial, legal, and tax advisors. The company was

Operating as usual

12/21/2021

Heckerling Institute on Estate Planning | University of Miami School of Law

Sterling Foundation Management is proud to be a continued sponsor of the 56th Annual Heckerling Institute on Estate Planning, the nation’s premier conference for estate planning professionals. From January 10-14, 2022, make sure you stop by our I-1 to visit our booth at the Orlando World Center Marriott to meet the team, participate in our events, sign up for fun raffles, and learn about making philanthropy make a difference. Please reach out to us for more information- we can’t wait to see you! #Heckerling #estateplanning #philanthropy

Heckerling Institute on Estate Planning | University of Miami School of Law

Fogo Island: Bringing new life to a remote Canadian fishing community 12/14/2021

Fogo Island: Bringing new life to a remote Canadian fishing community

When it comes to giving back to the #community, any action big or small can make a real difference. Enjoy Zita Cobb’s story of how she is making a positive impact on her small, island #hometown through continual, #charitable investment. #FogoIsland

Fogo Island: Bringing new life to a remote Canadian fishing community A small island off the coast of Newfoundland is redefining itself with the help of a local businesswoman who combined deep pockets with a deep appreciation for the island's past.

Virtual HQ 11/29/2021

Virtual HQ

Did you know tomorrow is #GivingTuesday? It's a #worldwide day to give generously of your time, love, and support to your favorite #organizations and #charities. Share who you are supporting in the comments!

Virtual HQ GivingTuesday is a global movement that reimagines a world built upon shared humanity and radical generosity.

Compensation, Governance and Compliance Best Practices - Marks Paneth 11/22/2021

Compensation, Governance and Compliance Best Practices - Marks Paneth

Our team at Sterling Foundation Management can assist clients with assessing, hiring, and compensating executive staff members through our #compensation analysis services. We can also assist with implementing and monitoring #board #governance policies.

Compensation, Governance and Compliance Best Practices - Marks Paneth From executive compensation decisions to conflicts of interest and excess benefit transactions, nonprofit governance issues demand that board members are informed about best practices, IRS expectations and, in some cases, state law. 

Charitable Giving Advice Linked to More Assets, Faster Growth: Fidelity | ThinkAdvisor 11/15/2021

Charitable Giving Advice Linked to More Assets, Faster Growth: Fidelity | ThinkAdvisor

Attention all #financial #advisors: A recent study found that advisory firms which offer #charitable planning services have higher median assets and experience more organic #growth than those firms that do not. Further, clients who receive these services have increased satisfaction and are more likely to recommend new customers.

Charitable Giving Advice Linked to More Assets, Faster Growth: Fidelity | ThinkAdvisor Advisors who offer charitable planning have better client relationships in a number of quantifiable ways, research finds.

WebTaxGuide | Tax Planning Basics 11/08/2021

WebTaxGuide | Tax Planning Basics

Charitable #giving is rewarding for many reasons, and can include the benefit of reducing a donor’s tax burden if done properly. Making a plan to use the right giving vehicles to support qualifying #charitable organizations can help a donor meet their unique #philanthropic goals while maximizing their #tax benefits.

WebTaxGuide | Tax Planning Basics Latest tax law news

What to Consider When a Nonprofit Enters the Cryptocurrency Arena - Frost Brown Todd | Full-Service Law Firm 11/02/2021

What to Consider When a Nonprofit Enters the Cryptocurrency Arena - Frost Brown Todd | Full-Service Law Firm

Cryptocurrency can be an appealing asset for #charitable donations; however, the volatility of its value can pose some challenges to both #donors and recipients.

#philanthropy

What to Consider When a Nonprofit Enters the Cryptocurrency Arena - Frost Brown Todd | Full-Service Law Firm In our previous articles, we have considered various reporting and tax implications associated with dealings in cryptocurrency; particularly, in ransomware situations. While a ransomware situation is one in which a business enters the cryptocurrency space unprepared by paying cryptocurrency ransom t...

ACED Out of the Parking Lot? Proposed Limits to Use of DAFs - Frost Brown Todd | Full-Service Law Firm 10/26/2021

ACED Out of the Parking Lot? Proposed Limits to Use of DAFs - Frost Brown Todd | Full-Service Law Firm

If passed, the ACE Act will prohibit #foundations from counting distributions made to donor-advised funds (DAF) as part of their required 5% annual #charitable payout, unless the #DAF uses the funds within the same year. If giving to a DAF is part of your foundations charitable #strategy, consider giving before January 1, 2022.

ACED Out of the Parking Lot? Proposed Limits to Use of DAFs - Frost Brown Todd | Full-Service Law Firm In June, Senators Charles Grassley and Angus King introduced the Accelerating Charitable Efforts Act – known as the ACE Act. The ACE Act is intended to incentivize faster payouts to operating charities of funds from private foundations and Donor Advised Funds (“DAFs”). The ACE Act has a fair a...

California Enacts Law Regulating Charitable Fundraising Platforms | Insights | Venable LLP 10/18/2021

California Enacts Law Regulating Charitable Fundraising Platforms | Insights | Venable LLP

Assembly Bill 488 was signed into California #law as an amendment to regulations regarding #charitable #fundraising platforms. This new Bill creates distinct classes for specific charitable entities and enacts new #compliance responsibilities, which will be effective beginning January 1, 2023.

California Enacts Law Regulating Charitable Fundraising Platforms | Insights | Venable LLP On October 7, 2021, Governor Newsom of California signed into law Assembly Bill 488. The law amends The Supervision of Trustees and Fundraisers for Charitable Purposes Act (the Act) to regulate online charitable fundraising platforms that operate in the state and the platform charities with whom the...

What Can They Be Paid? Advising Charitable Organizations on Executive Compensation - Perlman and Perlman 10/12/2021

What Can They Be Paid? Advising Charitable Organizations on Executive Compensation - Perlman and Perlman

How should an executive of a tax-exempt entity be compensated? What are the key considerations, rules, and limitations for assessing such #compensation? As an independent party, Sterling Foundation Management, LLC is practiced at providing compensation analysis services to #charitable organizations.

What Can They Be Paid? Advising Charitable Organizations on Executive Compensation - Perlman and Perlman Compensation for executives of tax-exempt charitable organizations is subject to strict rules and limitations under federal and state law.

Affluent Americans Gave 48% More on Average Last Year, Finds 2021 Bank of America Study of Philanthropy 10/05/2021

Affluent Americans Gave 48% More on Average Last Year, Finds 2021 Bank of America Study of Philanthropy

According to a recent study, most affluent households gave to charity last year but over 50% of those #donors admitted they do not have a #strategy and 40% struggled to identify causes they care about and where to give. As a trusted philanthropic #advisor, Sterling helps donors and families translate their passions and values into a #charitablegiving plan.

Affluent Americans Gave 48% More on Average Last Year, Finds 2021 Bank of America Study of Philanthropy /PRNewswire/ -- Average giving to charities by affluent Americans increased by 48% last year compared to 2017 ($43,195 vs. $29,269), according to the 2021 Bank...

BCLP Charity Law Blog 09/27/2021

BCLP Charity Law Blog

Take advantage of these expanded #charitablegiving #tax benefits before they end in 2022.

BCLP Charity Law Blog 2021 Charitable Deduction Reminder September 20, 2021 Authored by: BCLPOther Posts by BCLP Categories General 2021 Charitable Deduction Reminder September 20, 2021 Authored by: BCLP The Internal Revenue Service explained how expanded tax benefits can help both individuals and businesses give to char...

House Ways and Means Committee Issues Draft for Proposed Tax Changes | Loeb & Loeb LLP 09/21/2021

House Ways and Means Committee Issues Draft for Proposed Tax Changes | Loeb & Loeb LLP

The House Ways and Means Committee has proposed substantial #tax changes as part of the broader Senate reconciliation bill to include changes to the #gift tax #exemption, long-term capital gains tax, and income tax rates for some individuals, estates and trusts.

House Ways and Means Committee Issues Draft for Proposed Tax Changes | Loeb & Loeb LLP Earlier this week, the House Ways and Means Committee issued draft text for proposed tax changes to include in the Democrats’ broader budget reconciliation bill. The proposals include significant changes to the tax rates and rules applicable to individuals, trusts and estates. Notably, the proposa...

NY Attorney General Suspends Schedule B Collection in Response to US Supreme Court Decision 09/13/2021

NY Attorney General Suspends Schedule B Collection in Response to US Supreme Court Decision

A Form 990 Schedule B details the #donor information of those who contribute $5,000 or more to a #501c3 organization. While this Schedule is still required on a federal level, some states have decided to suspend a state required Schedule B, citing the recent Supreme Court case in California which found the disclosure to violate a donors First Amendment rights.

#philanthropy #charitablegiving

NY Attorney General Suspends Schedule B Collection in Response to US Supreme Court Decision Charities registered in New York will no longer be required to submit Schedule B of IRS Form 990 to the New York Attorney General. Schedule B collection has been suspended as of July 30, 2021.

BBB Tip: Charitable Giving after a natural disaster or tragedy 09/07/2021

BBB Tip: Charitable Giving after a natural disaster or tragedy

Recent wildfires, earthquakes, and hurricanes have given rise to fundraisers asking for aid to help impacted communities. Donors should carefully consider #donation requests using these helpful tips for trusted #giving.

#philanthropy

BBB Tip: Charitable Giving after a natural disaster or tragedy Scammers often take advantage of these moments to trick donors. In addition, campaigns set up by well-meaning individuals may not be able to deliver on promised relief activities.

Giving teens a chance to try construction trades 09/01/2021

Giving teens a chance to try construction trades

Sterling Foundation Management is proud to serve the RangerACE Construction Camp Foundation in their mission to raise children’s awareness of trade industry careers through hands-on learning experiences.

#charitable #impact

Giving teens a chance to try construction trades With the construction industry facing its most significant skills shortage since 2007, there’s no denying that contractors will have to use savvier means to attract employees. In Austin, TX, Ranger Excavating is finding ways to expose the next generation of workers to this industry by partnering w...

How generosity changes your brain 08/24/2021

How generosity changes your brain

Though the exact reasons are unclear, studies reveal that #giving to others benefits the giver. More importantly, giving helps people and communities in need. See some ways to make giving a habit.

#philanthropy #charitablegiving

How generosity changes your brain Money can buy happiness — if you spend it on others, research suggests.

Five Keys to Creating a Successful Family Entity 08/09/2021

Five Keys to Creating a Successful Family Entity

Family run organizations can benefit from embracing proven business strategies, which can offer distinct guidelines and create a more formalized structure. Paired with professional assistance, these approaches can help families navigate unique circumstances and maintain successful institutions.

#family #philanthropy #successionplanning

Five Keys to Creating a Successful Family Entity Five Keys to Creating a Successful Family EntityAugust 2, 2021 – Publications / Mentions Share This Page Starting a family entity can bring family members closer as they build a new level of meaningful interactions together. Along the way, the venture may create wealth and opportunities, fu...

Nonprofits Get a New Type of Donation: Cryptocurrency 08/03/2021

Nonprofits Get a New Type of Donation: Cryptocurrency

Not all #charitable organizations are prepared to accept cryptocurrency #donations. See how some #charities are handling this new type of donation.

Nonprofits Get a New Type of Donation: Cryptocurrency There are risks for both the donor and the receiver, starting with the yo-yoing values. A $5 million gift today may be worth $3 million or $7 million next week.

How José Andrés's World Central Kitchen Plans to Use Jeff Bezos's $100 Million 07/26/2021

How José Andrés's World Central Kitchen Plans to Use Jeff Bezos's $100 Million

Congratulations to José Andrés and the team at World Central Kitchen! We are honored to serve WCK in their #mission to feed those in crisis and combat food insecurity across the globe.

#charity #philanthropy

How José Andrés's World Central Kitchen Plans to Use Jeff Bezos's $100 Million "This award itself cannot feed the world on its own, but this is the start of a new chapter for us," the chef and humanitarian says.

Women’s Charitable Giving Reached New Heights in 2020 | ThinkAdvisor 07/19/2021

Women’s Charitable Giving Reached New Heights in 2020 | ThinkAdvisor

Women increasingly seek ways to create positive social change to include charitable giving. #philanthropy #charitablegiving #financialstrategy

Women’s Charitable Giving Reached New Heights in 2020 | ThinkAdvisor The COVID-19 pandemic boosted many givers' generosity, a study from Fidelity Charitable has found.

Generational Challenges in a Family Foundation 07/13/2021

Generational Challenges in a Family Foundation

Family #foundations may face unique challenges when bridging the gap between multiple generations. Here’s how one family foundation is embracing and learning from each generation.

#philanthropy #successionplanning

Generational Challenges in a Family Foundation Photo via Adobe Stock Photos Understanding generational differences can be confusing (if we’re even thinking about it). Have you heard the ringing refrain “Ok Boomer!” or “Damn Millennials!”?

Supreme Court Backs Donor Privacy for California Charities 07/07/2021

Supreme Court Backs Donor Privacy for California Charities

Citing the First Amendment right to free association, the Supreme Court ruled that California #charities are not required to report the identities of their major #donors.

Supreme Court Backs Donor Privacy for California Charities The 6-to-3 decision held that a state requirement infringed on the First Amendment. The court’s liberal members suggested it could erode disclosure laws for political campaigns.

How T0 Avoid The Higher Capital Gains Taxes That Likely Are Coming 06/29/2021

How T0 Avoid The Higher Capital Gains Taxes That Likely Are Coming

Tax proposals being put forth by the new administration indicate the likelihood of higher taxes on long-term capital gains for upper income taxpayers. Here are some planning options to consider for owners of highly appreciated assets.

#charitablegiving #philanthropy

How T0 Avoid The Higher Capital Gains Taxes That Likely Are Coming Many in Washington want to increase taxes on long-term capital gains. You can take actions to avoid to reduce those tax increases.

Americans gave a record $471 billion to charity in 2020 06/21/2021

Americans gave a record $471 billion to charity in 2020

While individuals were responsible for the majority of 2020 #charitable #donations, a well performing stock market coupled with grants in response to the pandemic led #Foundations to account for the greatest rise in giving by an astounding 15.6% over 2019.

Americans gave a record $471 billion to charity in 2020 The pandemic, job losses, and racial justice drove an increase in charitable giving from the previous year, despite the economic effects of COVID-19.

Accelerating Charitable Efforts Act Introduced | JD Supra 06/14/2021

Accelerating Charitable Efforts Act Introduced | JD Supra

The Accelerating Charitable Efforts Act (“ACE Act”) introduced by Senators Chuck Grassley (R-IA) and Angus King (I-ME) proposes additional regulations and restrictions on #charitable #giving which would have significant impacts to the #philanthropic sector and #nonprofit community.

Accelerating Charitable Efforts Act Introduced | JD Supra Senators Chuck Grassley (R-IA) and Angus King (I-ME) introduced the Accelerating Charitable Efforts Act (ACE Act) on June 9. A joint press release...

Private Operating Foundations: A Legal Option for Hands-On Philanthropists - Perlman and Perlman 06/01/2021

Private Operating Foundations: A Legal Option for Hands-On Philanthropists - Perlman and Perlman

A private operating foundation can afford a #donor more opportunities to be active in their philanthropic endeavors and can provide unique tax advantages compared to other #giving vehicles, such as a public charity or private non-operating #foundation.

Private Operating Foundations: A Legal Option for Hands-On Philanthropists - Perlman and Perlman Private operating foundations may have distinct advantages over other types of 501(c)(3) tax-exempt organizations for philanthropists who want to have more direct involvement in guiding their philanthropic program and impact.[1] Philanthropists with access to the financial means to fund their founda...

Donor Match-Making - Legal Considerations for Matching Gift Campaigns - Perlman and Perlman 05/25/2021

Donor Match-Making - Legal Considerations for Matching Gift Campaigns - Perlman and Perlman

#Charitable matching opportunities multiply the impact of a #donation. Before engaging in these opportunities, understand the type of matching campaign you are supporting, the terms of the match, and any legal considerations to protect your intent to make your #philanthropy go farther.

https://www.perlmanandperlman.com/donor-match-making-legal-considerations-matching-gift-campaigns/

Donor Match-Making - Legal Considerations for Matching Gift Campaigns - Perlman and Perlman Matching gift campaigns are a popular fundraising strategy used by charities to incentivize public donations with donations offered by one or more “match donors.” Types of Campaigns The core of a matching gift campaign is that a “match donor” offers to make a donation in connection with dona...

Millennial philanthropy may forever change finance 05/10/2021

Millennial philanthropy may forever change finance

A Fidelity survey showed a staggering 74% of Millennials defined themselves as “philanthropists” compared to 35% of Boomers and 48% of Gen X. How #philanthropy, #finance, and social issues interconnect may play a significant role for the next generation.

Millennial philanthropy may forever change finance Attitudes among younger people represent ‘an entirely new’ investor mindset

How Strong Grantee Relationships Lead to Unexpected Opportunities 05/04/2021

How Strong Grantee Relationships Lead to Unexpected Opportunities

Building trusting relationships with your grantees over time can help give rise to rewarding and unique funding opportunities, some of which may not have otherwise been developed.

#philanthropy #charitablegiving #foundations

How Strong Grantee Relationships Lead to Unexpected Opportunities Prior to completing its spend down in 2020, the San Diego-based Legler Benbough Foundation worked with grantees in trusting relationships, built over time, for 20 years. Now that our doors are closed, our colleagues at the Foundation have had the chance to look back and appreciate the many benefits....

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Overview of Services

Products

Managing private foundations, starting private foundations, charitable remainder trusts (CRTs), sales of CRT income interests, secondary planning options of CRTs, charitable consulting, philanthropy, serving needs of UHNWI, and selling CRTs.

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12030 Sunrise Valley Dr Suite 450
Reston, VA
20191

Opening Hours

Monday 8:30am - 5:30pm
Tuesday 8:30am - 5:30pm
Wednesday 8:30am - 5:30pm
Thursday 8:30am - 5:30pm
Friday 8:30am - 5:30pm
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