Private Foundation Administration

The Financial Times does a lot of really excellent coverage of philanthropy. You can find an index of recent stories here. Last week they ran an article about outsourcing private foundation administrative services and quoted me in the lead:

Thinking of setting up a private foundation, but don’t want to be bogged down with ongoing administrative hassles? Several companies take care of the day-to-day management of a foundation while freeing donors to focus on what matters most: philanthropy.

“Private foundations are not the cumbersome, paperwork heavy entities they once were,” says Sean Stannard-Stockton, director of tactical philanthropy at Ensemble Capital Management. “While many advisers unfamiliar with philanthropy often assume that foundations are only appropriate for people who can put $3m-$5m or more into the foundation, the rise of the internet has reduced the cost and administration needed to operate a foundation.”

You can read the entire article here.