Southeast Toyota Finance’s Post

If you missed this week's Masterclass on Charitable Giving, where Grady George and Richard Peck discussed how to maximize your giving and leave an impactful legacy, you can watch the 1/2 hour session here: https://lnkd.in/eKDt8_iX And if you'd like to talk to us about this topic or any of our other masterclass topics, book a session with Kathy LeClair here: hhttps://lnkd.in/e3gxZsJX #retirementplanning #charitablegiving

Hey! Those of you interested in professional philanthropy, have you heard about the new Executive Director Institute for philanthropy leaders who want to learn the ins and outs of running a philanthropic endeavor, whether a private foundation, DAF, LLC or other form? Sharon Schneider, and colleagues, have mined their 40+ years of experience to develop a 3-month curriculum covering the basics that no one seems to teach anymore - compliance, taxes and accounting, running a board meeting, due diligence - plus using innovative tools like PRIs, recoverable grants, direct charitable activities, and more. I thought there might be some folks out there who might benefit from this cohort-based program. Maybe an emerging philanthropist who is looking to step into a role leading the family philanthropy, or a family who recently hired someone? The person's title is not the important thing, just the idea that they are looking to get up to speed. I sure wish I had a class like this when I was starting out. You can learn more about the Executive Director Institute here: https://lnkd.in/dh2XEegW

#Types_of_Business 4 #Corporation Corporations are a separate legal entity created by shareholders. Incorporating a business protects owners from being personally liable for the company’s debts or legal disputes. A corporation is more complicated to create, as compared to the other three types of businesses. Articles of incorporation must be drafted, which include information such as the number of shares to be issued, the name and location of the business, and the purpose of the business. There are three main types of corporations: #C_Corporation: This is the most common form of incorporation. The corporation is taxed as a business entity and owners receive profits that are then also taxed individually. S Corporation: This is similar to a C corporation but may only consist of up to 100 shareholders. S corporations are pass-through entities like partnerships, so profits are not taxed twice. #Non_Profit Corporation: Often used by charitable organizations, non-profit corporations are tax exempt. All forms of incoming cash flow must be utilized to spend on the organization’s operations or future plans. #LLB #lawschool #lawgat #lawyers #laws #law #lawfirm #lawenforcement #lawstudent #LAT #LAW_E_Library #law_e_library #advocate #business #busniesslaw

As Warren Buffet's right-hand man, Charlie Munger was one of the world's most famous investors. He was worth $2.6B at his death this week, having donated a further $550M to charity. Despite this, finding people who can "avoid stupidity" falls a little short as a guide for hiring senior investment staff. As well as a strong investment record, our Alternative Investments practice looks for a balance of high intelligence, intellectual curiosity, emotional intelligence and exceptional analytical skills. #pe #privateequity #alternativeinvestments #recruitment #executivesearch

Want to ensure your year end #donations are done in a #tax efficient manner, check out this infographic from Ali Spinner, FCPA, FCA, TEP of Crowe Soberman

This week, we’re exploring how mentorship can shape the legacy you're building for yourself and your business. 💙 It can be easy to see an opportunity to mentor a young professional 💼as a purely charitable experience, but mentorship can play a pivotal role in shaping your business legacy when you approach it with the right mindset. 🤲 Want to know how? Click the link below to read the full blog. 📖 https://bit.ly/3sCBuMn #businessattorney #businesslaw #law #newblogpost #planahead

This is a case study of how small business owners can turn a significant tax liability into a charitable legacy while still ensuring the financial security of the next generation.

This is a case study of how small business owners can turn a significant tax liability into a charitable legacy while still ensuring the financial security of the next generation.

We need to change the narrative around Philanthropy and Philanthropists Founder of Prism the Gift Fund, Anna Josse discusses the paradoxes present in the philanthropy sector today, and how they could be addressed. Read more: https://lnkd.in/eRGu4Tx9 Subscribe to the Citywealth Weekly Newsletter to learn more about Private Wealth Management: https://lnkd.in/et9kYWeR #Citywealth #privatewealth #privateclient #lawyers #accountants #trustees #privatebanks #investmentmanagers #powerwomen #PrivateWealth #lawfirms #financialservices #trusts #wealthmanagement

Our them for this year is #movingtheballforward. What do we mean by this? When you work in the fundraising operations space, you understand there is no quick fix. There is no silver bullet. Its a work in progress. There is always something to do. Keep moving that ball forward. In February we are #movingtheballforward by talking about all things finance. Before you yawn or keep scrolling stick with us. This month we are talking about how about that that delicate intersection between Advancement/Development/Donor Services and the finance/accounting/business office. There is often a push-pull relationships between Advancement/Finance. We want to tell you that by building relationships with the finance team can be very beneficial. 3 Expert Tips on Building Relationships with Finance # 1 -- Acknowledge what you know and what you do not know. In many instance the acrimony that may exist between the two departments is because we do not understand each other's worlds. We are open to learning. Set up a meeting and say how do we work more cooperatively. Let me (Advancement) explain our pressure point. Finance, please explain yours. # 2 -- Try to develop a common language. Clearly define your terminology. Write out those definitions. Of course be sure to circulate this information. Developing a common language will go a long way in building a cooperative relationship. A fund to an Advancement person is very different then a Fund a Finance person. # 3 -- Meet on a regular basis to discuss what's working and what's not working. The Advancement and Finance teams should be in lock step on certain key processes e.g. reconciliation. I know some of you are cringing. Reconciliation between Advancement and Finance is a key element of Operational Excellence. Who knows you may discover your two departments have more in common than you think. Let's ditch the agree to disagree mentality or the Fundraising is Right and Finance doesn't get us. 🔔 follow for more information on #movingtheballforward 👍 in the comments if you agree 👎 in the comments if you disagree #philanthropy #nonprofitfundraising #movingtheballforward #advancement #donorrelations