The Globalization of Philanthropy

Milton Cerny (Attorney at Law, Washington, D.C.) and Michele A.W. McKinnon (Attorney at Law, Washington, D.C.) recently published their article entitled The Globalization of Philanthropy: International Charitable Giving in the Twenty-First Century, 45 Real Prop., Tr. & Est. L. J. 529 (2010). The editors’ synopsis is below:

U.S. citizens are becoming more involved in international charitable activities, and consequently, the role of these activities in tax planning is becoming increasingly important. International charitable giving can involve giving directly to foreign governments, charitable entities in foreign nations, and domestic entities involved in international charitable activities. Individuals and entities who choose to make these gifts must consider a range of issues. This Article addresses the tax implications of international gifts including the exceptions created by international tax treaties. The authors also discuss several alternatives for structuring international charitable activities.