The Changing Face of Philanthropy

March 24, 2009
Montgomery County Estate Planning Council

Richard S. Caputo of Fox Rothschild Speaks at the Montgomery County Estate Planning Council

Richard S. Caputo, a partner with Fox Rothschild LLP, presented “The Changing Face of Philanthropy” to the membership of the Montgomery County Estate Planning Council on March 24, 2009.

The presentation discussed why individuals are forming donor advised funds rather than charitable trusts and discussed how the Pension Protection Act of 2006 affected donor advised funds.

“Richard’s presentation was excellent,” said Virginia Frantz, President & CEO of the Montgomery County Foundation, Inc., which sponsored the program. “The group appreciated his enthusiasm for community foundations in general and for ours specifically. The Montgomery County Foundation, Inc. certainly benefited from his positive comments and insight.”

Caputo, who is resident in Fox Rothschild’s Chester County office, is highly experienced in trust administration, Orphans' Court litigation and tax-exempt organizations. He assists corporate fiduciaries in obtaining tax-exempt status for the charitable trusts they administer; represents corporate fiduciaries in various Orphans’ Court proceedings, such as cy pres proceedings, court accountings and trust reformations; forms public charities, private foundations, supporting organizations and other tax-exempt organizations; and addresses tax-exempt compliance issues such as intermediate sanctions, self-dealing, excess business holdings, qualifying distributions and taxable expenditure responsibility.

An active speaker, Caputo frequently gives presentations on a variety of tax-exempt organization topics, such as “Charitable Trust Administration: How to Avoid Surcharge”; “New Developments Affecting Public Charities, Private Foundations, and Supporting Organizations”; “The Changing Face of Philanthropy”; “Advanced Private Foundation Issues”; “Code Section 4958 Intermediate Sanctions”; and “Using Charitable Trusts In Estate Planning: Traps for the Unwary.”

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