Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (5) | Ignore Thread Prev Thread | Prev | Next | Next Thread
Author: Cschultz Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121268  
Subject: Charitable Foundation & investments Date: 12/6/1998 11:37 AM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
My husband and I are setting up a charitable foundation in which our investments can grow untaxed.
We are working with a lawyer,accountant and financial advisor to set this up. We would like to manage the investments if at all possible. Our plan is to contribute $100k per year out of our currently taxable account into the foundation for a total of $500k. Our strategy is to have 4 separate foolish 4 accounts in there, each purchased during a different quarter of each year, to be turned over as normal, each at the end of 1 year of holding. The last $100k could possibly be some blue chip companies. This foundation would probably need money taken each quarter when that particular fool 4 turned over, and put into a money market account in the foundation for expenses and donations. Our question is this..does this sound like a good portfolio strategy? Our financial planner is suggeesting that we farm out our money to 3 or 4 money managers that each specialize in a particular investment style that fits with our plans and needs. It's expensive and it would require our portfolio to make more money just to make up the management costs. We don't mind paying for it if it's worth it but we've already been burned by a portfolio manager who wasn't worth it and we're a little hesitant to get into it again with someone else.
I would appreciate a reply if anyone has done anything similar with more than one foolish 4 account and how it worked out. Remember,this will be in a tax-free account so the turnover won't matter.
In our taxable account, We plan to keep blue-chip companies and also a percentage of high-tech related companies.
Thank you very much for any replies.
C&D Schultz
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (5) | Ignore Thread Prev Thread | Prev | Next | Next Thread

Announcements

Disclaimer:
In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
Pencils of Promise - Back to School Drive
"Pencils of Promise works with communities across the globe to build schools and create programs that provide education opportunities for children."
Managing Your Wealth
Our own TMFHockeypop from Rule Your Retirement fame on the TV show Managing Your Wealth.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement