Raising the Blue Peter!

I’m an avid reader of the Patrick O’Brian seafaring novels, featuring Captain Jack Aubrey and Dr. Stephen Maturin. People either love these books, or they don’t “get” them, looking on with studied patience as O’Brian groupies go on and on about a particularly...

Donor-Advised Fund Reform?

A November 21, 2011 op-ed in the New York Times by Boston College law professor Ray D. Madoff raises some good points. We all know that donors receive federal tax deductions when they give to a 501(c)(3) public charity. That nonprofit can be a soup kitchen, or a...

THIS is the Rainy Day!

Twice in recent months, I’ve gotten into heated discussions with nonprofit leaders about the spending rate from their endowments. As you may know, the spending rate is the formula that determines how much an organization pulls from its endowment each year. The federal...