Endowments are in crisis, threatened by internal challenges such as spiraling administrative costs, proliferating small funds, missing documents, and alignment of revenue, as well as external threats such as poor investment returns, lawsuits, legislation, and potential taxation. Yet endowments are essential to the long‐term stability and viability of the nation's nonprofits. In this article, which is a must for nonprofit managers as well as gift officers who solicit endowed gifts, you learn nine management best practices to improve donor engagement and avoid the abyss.

Divorced clients successfully decouple from a CRT and maximize the value of their respective income interests.

This article examines the three major types of grant‐making vehicles: a private foundation, a donor advised fund, and a grant‐making supporting organization. After a concise summary of the different vehicles and the various laws that govern each of them, it explores recurring situations that favor the use of one vehicle over another, and suggests solutions to common transactions that may pose problems (e.g., the impact of a legally‐binding pledge from a donor). This lively mix of theory with practice helps solve the challenges that grant‐seekers and grant‐makers see every day.

IRS notified taxpayers that it has created a new app (App) to securely access IRS tools and account services through their mobile devices, replacing the former IRS2Go app.