Creating a lasting family legacy within a community where a family lives and works can be an important part of the overall wealth transfer plan.
Ice Miller attorneys work with families to create charitable remainder trusts, charitable lead trusts, donor advised funds and private foundations. We assist clients with navigating the complex rules associated with such giving techniques and also work with our clients to ensure their charitable intent is carried out.
Ice Miller assists clients in developing philanthropic priorities, making and documenting charitable grants, assessing various vehicles for accomplishing their charitable purposes (e.g., direct grants, private foundations and donor advised funds) and advising with respect to the excise taxes applicable to private foundations and donors and how to structure transactions in an effort to avoid these taxes. Ice Miller also advises private foundations and other grantmaking charities regarding social impact investments, sophisticated grants and program-related investments.