"Major new funding for the Chuck, Bob, and Pat family DaFs in 2024 and 2025"

Each of the three Briggs family DaFs will receive approx. $2,000,000 in total from the Briggs Foundation and Briggs Sedrel DaF to help fund their future grants.
  1. Each family DaF will now independently manage its future contributions by its members, invest its funds to protect the grant values for the future, develop a matching program for its family, create its own grant strategy, etc.
    1. Someone(s) in your family will be overseeing all of these aspects, and more, of your DaF's operation.  
      1. Opportunity for G3s and even G4s to take a formal role.
  2. Bob Briggs' family will divide their ~$2m between its family DaF strategies plus continue to utilize the Briggs Sedrel DaF for grants related to his parent's legacy charities.
  3. In addition to their own family charitable strategies, Chuck and Pat's families will continue to honor LaVerne and Blaine's charitable focus(health, religion, music, etc) with a like minded grant.​
  4. With this significant financial support, the moving motivation shared by Jack Baca , and our experience at the Scripps rehab, the G2s hope the opportunities for our DaFs  will result in greater charitable participation and enthusiasm for the family at large.

GST12/LA&BLA members - "Our families are expecting each member to handle their tax liabilities plus contribute funds to their DaF every  year?"  ​Can I afford to do that - you ask?

If you(G2s and G3s) expect your family DaF to stay relevant for multi generations and have your grants have the same $$$ impact, or more, as your DaF today, additional funds in the DaF will be needed to offset inflation. In addition to annual contributions from each family member, G2s and G3s should start considering estate planning strategies, leaving some of your assets to your family DaF (utilize a https://www.irs.gov/charities-non-profits/charitable-remainder-trusts while alive and/or at your deaths.

Example of inflation impact:
  • Each DaF grants $100,000 per year - a healthy admirable goal; = 5% of $2,000,000 for 20 years
  • Assume your DaF investments also appreciate at 5%($100,000) per year - a reasonable assumption and your family made no further contributions (not reasonable). 
    • 20 years from now the DaF is still worth about $2,000,000
  • 20 years from now, at 3% inflation, a $100,000 grant in 2044 will only be worth $54,000 to the recipients. 60 years from now $16,000. Active seniors, Russel and Lucas are demanding a sit down talk way before then! 
SOLUTION: annual contributions to your DaF starting right now, and estate transfers at death, or before, can offset the negative impact of inflation.