Advisors

Private Foundations

"I've been practicing in the trusts and estates area for thirty years, and I've seen quite a few private foundations in that time. In the past, every time we created one, we carefully explained the administrative and compliance requirements to our clients. Yet we still worried about whether, over time, the client would dot every i and cross every t. If we send them to you [Sterling Foundation Management], we know the administration and compliance will be done, and done right."

- Tim Baetz, Head of Estate Planning at McDermott, Will & Emery. 
Chicago, IL

"As CPAs and management consultants, we do lots of tax calculations and financial projections. But until I reviewed Sterling's analysis of the economics of lifetime giving, I never fully realized just how much value can be created with a carefully planned program of optimal private foundation funding. Depending on the circumstances, Sterling can show creators of foundations how they can use good tax planning to double the amount their foundations have, and yet still leave more for their children."

- Barry Bondroff, CPA, Partner at Gorfine, Schiller & Gardyn, PA.
Owings Mills, MD

"Sterling Foundation Management offers a unique opportunity for advisors with high net worth clients to capture a share of the growing market for private foundation assets. They create and manage private foundations on a turnkey basis. Their services are tailored to mesh seamlessly with investment advisory and financial planning services, so that the client's experience is very smooth and hassle free. I know, I am a Sterling client personally. And my firm has a strategic alliance with Sterling which enables me to provide my clients access to turnkey private foundation solutions. Our alliance with Sterling is not only good for our clients, it is very profitable for us, too."

- David Gemmer, Gemmer Asset Management.
Walnut Creek, CA

“I have known the principals of Sterling for over fifteen years. They have a great deal of experience in all aspects of charitable activity. The rules and regulations surrounding private foundations are extensive and formidable. Anyone who has a private foundation or is planning to create one must make certain that the foundation complies with all these rules and regulations. Generally, that requires professional management, and I can think of no one better qualified than Sterling to provide these important services.”

- Ron Ben-Yehuda, Partner at Gibson, Dunn & Crutcher.
Los Angeles, CA

CRTs

"Sterling arranged the sale of my client's income interest in a term CRT. The transaction was financially fulfilling to my client, as the sales price exceeded the values of other options they had with respect to the CRT. Both our firm and the client found the process straightforward and Sterling easy to work with. We won't hesitate to turn to Sterling again when the client facts fit."

- Benjamin T. White, Partner
Alston + Bird LLP
Atlanta, GA

"I worked closely with Sterling to complete the sale of a Charitable Remainder Trust (CRT) income interest for valued clients. My clients and I were very happy with the result, which saw my clients receive lump-sum payments at a desirable premium to net present value. The process was very straightforward and all my dealings with Sterling were open, honest and highly professional. I would not hesitate to work with Sterling again on future CRT transactions and would recommend them to any advisor wanting to secure a similar desirable outcome for their client."

- Karen Streisfeld-Leitner, Counsel
McLaughlin & Stern LLP
New York, NY

"All advisors ought to know that this potential for liquidity exists. It creates important flexibility for the client, which may have significant economic value. If you make a client aware and they don't want to do anything, no one is out. But if you don't tell them, and they might have benefited, they could be hurt and that could be an actionable omission. So it's clearly a case where it makes sense to inform all clients who have CRTs that they may be able to benefit from a sale of their lead interest."

- Alan P. Dye, Partner
Webster, Chamberlain & Bean, Washington, DC
Chairman, Washington Non-Profit Legal and Tax Conference

“Over the past 25 years, CFO4Life has worked with a wide array of different people with different situations. In that time, we have reviewed countless strategies with one goal in mind: to help people achieve financial independence and the peace of mind that comes with it. One of the most exciting strategies we’ve come across is Sterling Foundation Management’s liquidity option for CRTs. As is our usual practice, we carefully and thoroughly researched the area. We concluded that for a number of our clients, a sale of their CRT interest would offer them a significant benefit. We have worked with Sterling to complete sales for many of these clients, and continue to work with them where it makes sense for the client.

Today more than ever, clients need advisors who can help our clients achieve their financial goals. If you have clients who have CRTs, you need to know whether a sale of their CRT interest would help them.”

- Levi McMellian, CPA, Managing Director
CFO4Life/LPL Financial
Dallas, TX

“Sterling worked diligently with me and my client’s counsel to educate us on the CRT income interest sales transaction. In the end, they made the entire process simple and painless for my client, and were always responsive, thorough, and sensitive to our needs.

Because of my client’s advanced age, I was skeptical that Sterling could find a buyer willing to pay a premium in line with those typically garnered through their program. But Sterling spent the time necessary to locate a buyer willing to pay such a premium, enabling my client to benefit tremendously.

I am now working on another CRT transaction with Sterling and expect them to deliver comparable value. I would highly recommend that any advisor with CRT clients leverage this unique and value-added service.”

- Mark D. Arlen, MBA, CFP
Lincoln Financial Advisors
Denver, CO

See more here.