March 31, 2005
Taking control of everythingShunning advice from the expertsSeeking personal rewards for giftsMaking threatsand demandsMisunderstandings over complex gifts
Entrepreneurs who have built their own businesses and corporate executives who are used to running things often want to control every part of their philanthropy, sometimes to the detriment of a charity.
Betsy Mangone, vice president for philanthropic services at the Denver Foundation, worked with one such donor before she joined the foundation. In 1999, she says, she helped a successful businessman create a $3-million charitable remainder trust with stock from his technology company
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