Press

Sterling Partners with the National Center for Family Philanthropy.

In collaboration with the National Center for Family Philanthropy, Sterling Foundation Management is pleased to announce its sponsorship of Family Giving News, an industry-leading newsletter published monthly for thousands of subscribing philanthropists, family foundations, and advisors. “This was an easy decision for us,” said James Lintott, Chairman of Sterling Foundation Management. “We share the same mission and values as the National Center for Family Philanthropy so partnering with them to further help family foundations and their advisors made perfect sense."

Read more here.

June 13, 2016

2016 Profiles in Philanthropy.

This annual edition from Washington Life Magazine features "donors who make a difference" in the National Capital Region. Sterling Foundation Management is proud to support many of these philanthropists in helping them make an impact in the community or in supporting a larger charitable cause. At Sterling, we also believe in giving back and are pleased to note that our own Chairman, James Lintott, is also recognized among these generous community leaders as one who leads by philanthropic example.

Read more here.

June 7, 2016

Sterling Adds Ellen Fishbein and Giovanni Kotoriy to Keep Pace with the Growing Foundation Management Business.

Sterling Foundation Management has hired Ellen Fishbein and Giovanni (Gio) Kotoriy to co-lead their Foundation Management and Consulting business the firm announced today. They will be responsible for providing comprehensive, turn-key support to a growing list of private foundation clients as well as expanding the business as the firm fills a need in the philanthropic space for a large number of successful families who are searching for the best way to make a significant impact in society, take advantage of tax incentives, maintain compliance with the IRS, and leave a family legacy.

Read more here.

April 18, 2016

Washington Business Journal Recognizes James Lintott.

The Washington Business Journal named James W. Lintott, former Chairman of the Board of Children’s National Health System, one of its 2015 Outstanding Directors. Mr. Lintott was among seven other Washington, DC, area board members who were honored for their business savvy and dedication to leading their respective organizations to success. The honor recognizes Mr. Lintott’s contributions while serving on the Children’s Hospital Foundation Board and the Children’s National Medical Center (CNMC) Board during the last 14 years.

Read more here.

March 27, 2015

Sterling names Peter F. Najera Chief Operating Officer.

Najera will report to Evan Unzelman, whose promotion to President opened up the COO position. Najera will be responsible for all operational issues across Sterling’s full suite of philanthropic services, including Private Foundation Administration, Sterling’s Donor Advised Fund, Charitable Remainder Trust and Charitable Lead Trust Administration, Charitable Consulting, and the company’s industry-leading Charitable Remainder Trust (CRT) Program.

Read more here.

March 16, 2015

Sterling introduces new CRT Rollover strategy.

Appropriately called the “CRT Rollover,” this creative planning strategy allows CRT beneficiaries to gift their income stream from an existing CRT into a new but differently structured CRT, giving CRT donors the ability to add beneficiaries (extending the length of the trust and creating income streams for loved ones not previously on the trust), change payout terms, or even defer income (and the related taxes) and grow the principal tax-free.

Read more here.

February 25, 2015

Sterling Announces Promotion of Evan Unzelman to President

Evan Unzelman has been named President of Sterling Foundation Management, the firm announced today.  Unzelman will devote his focus to the continued development and expansion of  Sterling’s full suite of philanthropic services, including Private Foundation Administration, Sterling’s Donor Advised Fund, Charitable Remainder Trust and Charitable Lead Trust Administration, Charitable Consulting, and the company’s industry-leading Charitable Remainder Trust (CRT) Program.

Read more here.

January 14, 2015

Trusts & Estates

"Evaluating the Risks: Challenges and opportunities resulting from the current low interest rate environment"

by Roger D. Silk & James W. Lintott

Interest rates in the United States and in most developed countries are at or near their lowest levels in decades. These low interest rates create both challenges and opportunities for endowed organizations, such as public charities, private foundations and charitable trusts, as well as individual donors to charity.

No one can confidently predict when, whether or by how much interest rates will rise in the future. But, the math shows that there’s probably much more downside risk than upside potential for bonds and interest rate-sensitive assets, and portfolio decisionmakers should be familiar with key measures of interest rate risk.

Read more here.

October, 01 2013

Sterling announces James Brunger as Managing Director, National Sales and Kevin Fales as Director, National Sales.

Read more here.

January, 01 2013

Trusts & Estates

"Investment Policy for Endowed Charitable Organizations"

by Roger D. Silk & James W. Lintott

Although the body of investment and finance literature is vast, it helps for endowed charitable organizations (including public charities, charitable remainder trusts (CRTs) and private foundations (PFs)) to be aware of the important investment issues that are likely to arise. While the specifics will vary for each organization, depending on the situation, all such organizations should have their own carefully thought-out investment policies (IPs). “Indeed,” notes estate-planning attorney Salvatore J. LaMendola, of Troy, Mich., “adhering to a written investment policy statement that is updated periodically can go a long way in protecting directors and trustees against liability under the Uniform Prudent Investor Act (UPIA) or the Uniform Prudent Management of Institutional Funds Act (UPMIFA).”

We’ll highlight issues that may not be the usual focus of professional investment managers or, for that matter, attorneys and accountants. Among these are the expected life of the organization, anticipated future inflows of cash, applicable prudent investing rules, taxes, including unrelated business income (UBI) tax, risk analysis and management and cash management.

Read more here.

October, 01 2012

Journal of Financial Planning

"Tax Deferral: When Does It Make Sense and When Does it Cost Cents (or Dollars)?"

by Roger D. Silk, Ph.D, CFA

  • Most of us have absorbed the belief that tax deferral is always better than paying current taxes
  • That can be true if certain assumptions are met: tax rates are uniform across income types (no difference between capital gain and other income) and constant over time (future tax rates will not be higher than current tax rates), and the client’s personal discount rate is lower than the expected rate of return on the assets
  • Given current tax rates, the compounding benefit of deferral
 is largely, but not totally, offset by the shifting of long-term gain to ordinary income
  • This paper explores various client tax situations involving different asset classes and vehicles (IRAs, deferred variable annuities,
taxable bonds, tax-exempt bonds, charitable remainder trusts), and provides guidelines based on analyses of multiple scenarios to determine when tax deferral makes financial sense and when it doesn’t

Read more here.

September, 01 2012

Trusts & Estates

"Lifetime Versus Testamentary Giving"

by Roger D. Silk, Ph.D, CFA

Self-made people are often conflicted about philanthropy. Many of them work very hard for their wealth and, to a certain extent, measure their self-worth by the size of their pile.

If a client's goal is to not only build his pile but also be philanthropic, it can seem like a contradiction. And to some extent, it is. But, for the advisor, there's also plenty of room for effective planning.

Read more here.

October, 01 2011

Journal of Financial Service Professionals

"Completing Charitable Remainder Trust Reviews"

by Roger D. Silk, Ph.D, CFA

The SEC requires public companies to File extensive reports every three months. Auto makers recommend changing your oil every 5,000 miles. Arid the annual physical has been a part of life for a century. Now, many advisors are finding that the annual review idea also applies to charitable remainder trusts (CRTs).

Read more here.

May, 24 2011

WealthCounsel

"Charitable Planning - a Business Development Tool"

by Roger D. Silk, Ph.D, CFA

You know that many clients and potential clients do not have optimal estate plans in place. Indeed, in the recent climate, the very concept of optimal estate planning has become muddled... However, most clients and potential clients also lack optimal charitable planning. This lack of optimal charitable planning creates an opportunity for planners to use charitable planning as a business development tool.

Read more here.

January, 26 2011

Trusts & Estates

"Alternatives to CRT Terminations"

by Roger D. Silk, Ph.D, CFA

In a recent Trusts & Estates column (November 2010), my colleague Laura Peebles correctly observed that many donors with existing charitable remainder trusts (CRTs) may be well-advised to consider terminating those trusts... However, termination of the trust and division of the assets isn’t the only course available to a donor looking to exit a CRT.  There are two other viable alternatives: contribution or sale. Both deserve a closer look.

Read more here.

December, 22 2010

Planning Partners Press

"Power to Sell CRT Annuity Adds Flexibility"

by Eckert Byrne LLC

Charitable Remainder Trusts are powerful tools for estate, tax, and financial planning. The potential sale of the income interest in a CRT adds more power and flexibility to planning... Financial advisors, attorneys and CPAs who have clients who have CRTs should take a look at whether the sale of the income interest makes sense.

Read more here.

August, 19 2010

Wealth Strategies Journal

"Selling a CRT Interest"

by Roger D. Silk, Ph.D., CFA and Evan D. Unzelman

An advisor recently approached us with a dilemma. His client, we'll call him John, set up a charitable remainder trust ("CRT") several years prior. Since then, John's circumstances had changed and he found himself in a situation where immediate liquidity was much more valuable than his CRT income interest (i.e., receiving annual payments for the rest of his life).

Read more here.

September, 15 2008

Trusts & Estates

"Selling CRT Lead Interests"

by Roger D. Silk, Ph.D, CFA and James W. Lintott, Esq.

Over the last 20 years, investors have been increasingly demanding liquidity in nearly every aspect of their financial lives. Real estate investment trusts that trade daily, like stocks, have replaced limited partnerships as the preferred choice; mutual funds offer daily liquidity; retirement funds are accessible through loans or early withdrawals; most living trusts are revocable or changeable. Even hedge funds rarely require more than a relatively short commitment. Yet charitable remainder trusts (CRTs) have so far resisted the trend toward greater liquidity.

Read more here.

August, 01 2005