Ellen E. Halfon

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Use of a Limited Liability Company for Charitable Purposes

By Ellen E. Halfon on December 21, 2015 Posted in News

On December 1, Mark Zuckerberg wrote a letter to his newborn daughter, Max, and shared it with the world (on Facebook, of course). The letter announced the commitment of Zuckerberg and his wife, Priscilla Chan, to improve the world in which their daughter will grow up, which included the creation of the Chan Zuckerberg Initiative, … Continue Reading

The Waiting Game: What to Do (and Not Do) While an Exemption Application is Pending

By Ellen E. Halfon on April 9, 2014 Posted in Estate Planning, Tax, Uncategorized

So, you have thoughtfully and thoroughly prepared the Form 1023 Application for Recognition of Exemption Under Section 501(c)(3) (“Form 1023” or “application”) on behalf of a charity, and filed it with the IRS along with a completed checklist and the correct user fee. The charity is now anxious to fundraise and accept donations, commence its … Continue Reading

‘Tis the Season – For Year-End Charitable Giving

By Ellen E. Halfon on November 22, 2013 Posted in Estate Planning, Estate Tax, Income Tax, Tax

Most people make the bulk of their charitable contributions during the year-end holiday season. This post summarizes some of the charitable giving ideas and opportunities, as well as some planning reminders, that donors may want to consider: Gifts of Appreciated Securities Many people have benefited this year from the surge in the investment markets. Appreciated marketable … Continue Reading