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PUBLICATIONS
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FAMILY FOUNDATION ADVISOR: Is Perpetuity Too Long? Family Foundations Can Increase Impact With Sunset Dates
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Businesses Making NewsMarch 7, 2010 Neithercut Philanthropy Advisors, with offices in Detroit and Chicago, was selected by the Max M. & Marjorie S. Fisher Foundation of Southfield to provide guidance to the foundation on grantmaking systems and procedures. |
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OTHER VOICES: Family foundations -- Know when to close
October 25, 2009 More family foundations should plan in advance to shut their doors. This has nothing to do with their performance or the current economy and everything to do with their long-term success. According to 2008 figures, there are 2,306 foundations in Michigan; 80 percent of them family foundations. The Foundation Center reports that 48 percent of family foundations awarded less than $50,000 in grants in 2007 and 59 percent had less than $1 million in assets. Most family foundations, especially these small ones, would benefit from establishing a “sunset date.” |
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OTHER VOICES: Loosen your strings on charitable giving
November 9, 2008 Loosen up, for gosh sakes. Donors are increasingly putting strings on their charitable gifts. This “restricted giving” can be as simple as restricting a gift for the new library project at your alma mater or as complicated as requiring that your gift to the YWCA be used for equipment for the Saturday girls' (aged 6 to 8) soccer program. |
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Family foundations on rise; creating a legacy among the benefits
November 9, 2008 ...According to the Foundation Center in New York, the number of all foundations in Michigan grew 20 percent to 2,092 between 2000 and 2006, said Mark Neithercut of Neithercut Advisors L.L.C. in Detroit. In 2006, 48 percent of family foundations gave away less than $50,000 per year, and 60 percent had assets less than $1 million, Neithercut said, again citing Foundation Center data. “That means there are thousands of tiny family foundations out there,” he said. It takes several months and about $5,000 in legal fees to set up a family foundation, he said. “We advise families not to think about a family foundation unless they are funding it with at least $10 million, because of the administrative costs.” “I think sometimes people establish family foundations because they think it's a trendy thing; they don't realize the ongoing paperwork and expenses associated with that charitable giving option,” Neithercut said. “If your goal is charitable ... there may be better ways to do this, especially if your assets are small.”.
<To see the entire article, go to Crains Detroit (may require a subscription) or call our offices.> |
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Mark Neithercut of Neithercut Advisors in Detroit Appointed to Board of National Network of Consultants to GrantmakersMarch 3, 2009 DETROIT, March 2, 2009 – Mark Neithercut, principal of Neithercut Advisors LLC of Detroit, has been appointed to the Steering Committee, which functions as the board, of the National Network of Consultants to Grantmakers, the largest trade association in the nation to bring together consultants dedicated to increasing and strengthening the practice of philanthropy. |
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Business DiaryApril 5, 2009
Neithercut Advisors L.L.C. in Detroit has been selected by the Kansas Health Foundation to lead the planning and implementation process for the second 10 years of GROW (Giving Resources to Our World) Healthy Kansas, a major project of the Kansas Health Foundation. The project's goal is to help more Kansas community foundations build permanent resources to measurably improve the health of local residents. |
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Neithercut joins network boardMarch 3, 2009
Mark Neithercut, founder, Neithercut Advisors, named to board, National Network of Consultants to Grantmakers. |
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March 30, 2009
Neithercut Advisors, Detroit, selected by Kansas Health Foundation to lead planning and implementation for GROW (Giving Resources to Our World) Healthy Kansas, community-based initiative to improve the health of Kansas residents. |
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People on the moveMarch 4, 2009 Awards, recognitionThe Detroit Executive Association appointed Mitchell Simon president, John Adamo vice-president, Mark Stackpoole treasurer and June Cox executive secretary.
The Steering Committee appointed Mark Neithercut to the board of National Network of Consultants to Grant makers. |
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Protecting Family Foundations
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