CLIENT SPOTLIGHT: Grillo's Pickles

If you haven't been to the Grillo's Pickles website, you should. There, you'll find the fantastic story of how this company began. We've copied part of it here to save you a click.

Grillo's Pickles began with a pickle cart, just a small wooden stand in downtown Boston, where Travis Grillo and his friends would sell two spears for one dollar. Travis would make the pickles by night using his family's 100-year old recipe - one he'd memorized from making pickles every summer as a kid. In the morning, Travis would bike to the Boston Common and set up the cart with his buddies. They'd hang out all day, urging people to try the simple Grillo family pickle. It was a small business but Travis worked hard for it. He made more pickles, biked more miles, and slept less hours than he ever had before.
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CLIENT SPOTLIGHT: Factory Five Racing

Factory Five Racing was founded in 1995. Over the years they have grown from a start-up business in a small garage to become the world's largest manufacturer of "build-it-yourself" component car kits. They employ a full-time crew of about 40 people, and are located in Wareham, Massachusetts (about an hour south of Boston). They make their products right here in the USA, in the heart of New England where American manufacturing was born.
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CLIENT SPOTLIGHT: Luca + Danni

Fred and Danny Magnanimi grew up watching their father create beautiful, handcrafted jewelry in the family's Cranston, RI jewelry manufacturing business. When the boys grew up, Fred moved to New York and began working on Wall Street as an investment banker, while younger brother Danny, still enamored by the family business, stayed home. Increased competition from overseas businesses created significant challenges for the business, but Danny was confident he could find a way for the family business to evolve and thrive. This was his mission, this was his passion.
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        Elizabeth O. Manchester

        Elizabeth counsels individuals, families, and fiduciaries on all aspects of estate planning, estate settlement and trust administration in Rhode Island and Massachusetts, including planning and tax strategies designed to further the unique goals of clients.

        Elizabeth also represents tax-exempt entities, centered on compliance, charitable gift planning issues and the implementation of planned and estate-giving strategies, and best practices. She advises charitable institutions and institutions of higher learning about tax benefits available to donors, to assist in discussions with donors appropriately to advance their mission. She assists institutions with the inception of planned giving programs.

        Education

        • Northeastern University School of Law, J.D.
        • Providence College, M.B.A.
        • Providence College, B.A., magna cum laude

        Bar Memberships & Admissions

        • Rhode Island
        • Massachusetts

        Practice Areas

        Professional Affiliations

        • Rhode Island Bar Association
          • Business Organizations and Nonprofit Committee, Chair
        • Roger Williams University School of Law Pro Bono Collaborative
        • Partnership for Philanthropic Planning of Rhode Island
        • 40 Under 40 Providence Business News 2017

        Community Activities

        • Leadership Rhode Island
          • Member of 2016 Mu II Class
        • Partnership for Philanthropic Planning of Rhode Island
          • Board Member
        • Rhode Island Communities for Addiction Recovery Efforts
          • Chair
        • Roger Williams University School of Law Pro Bono Collaborative
          • Event Committee
        • Urban Collaborative Accelerated Program: Planned Giving Committee

        Representative Work

        • Has assisted higher education and nonprofit institutions with raising over $100 million in new planned giving commitments and structuring complex gifts.
        • Works with donors to achieve charitable giving goals and find tax efficient estate planning strategies.
        • Allows charitable institutions to have flexibility with planning strategically for the future through the establishment of sophisticated charitable giving programs.

        Estate Planning
        Elizabeth is an experienced estate planner. These skills also fit within the context of charitable giving, including in the following areas:
        • Facilitates business succession planning with stock recapitalization agreements and stock gifting.
        • Meets with clients to assess estate planning needs and draft estate plans, including revocable trusts, wills, powers of attorney, health care proxies, irrevocable life insurance trusts and qualified personal residence trusts.
        • Drafts all documents related to family limited partnerships and limited liability companies utilized for gifting.
        Charitable Giving
        Elizabeth can assist with advising charitable institutions on accepting gifts of the following assets and how to engage in the following conversations with donors:
        • Bequests
        • Retirement Benefits
        • Art and Unique Assets
        • Real Estate
        • Life Insurance
        • Donor Advised Funds
        • Charitable Remainder Trusts
        • Pooled Income Funds
        • Charitable Gift Annuities
        • Charitable Lead Trusts
        • Privately Held Stock

        Crediting and Recognition Policy
        Elizabeth advises organizations regarding appropriate crediting policies for bequests, bequests with testamentary pledges and life income gifts of all varieties.

        Gift Acceptance Policy and Committees

        Elizabeth has experience drafting appropriate acceptance policies related to the following:
        • Gift Review Committees for certain assets.
        • Allocating bequests to endowment, quasi-endowment or current use based on testamentary language.
        • Expenditures of bequests designated to specific purposes in year they are received.
        • Drafting, amending and establishing gift agreements.
        Gift Administration
        • Best practices to protect an organization’s interests through the administration processes for these gifts, including:
        • Gifts through probate or trust administration. Assists clients in reviewing first and final accountings, receipts and releases and understanding customary and reasonable expenses associated with estate administration.
        • Reviewing trust statements for externally managed trusts that were both income producing and non-income producing. Reviews good investment practices, reasonable trustee’s fees and proposals to trustees to terminate interests in trusts, expediting distributions for the client.
        Formation of Nonprofit Entities, Corporate Governance and Maintaining Tax-Exempt Status
        • Nonprofit qualification for tax-exempt status and formation.
        • Implementing corporate governance checks and balances and best practices.

        Personal Note

        Liz lives in Rumford with her husband Bernie and her daughter Quinn. Her passion for giving back and philanthropy was inspired by her parents who opened their restaurant in Fall River, the Rocking Horse Pub, on the holidays to feed the homeless. She is a mentor for San Miguel School in Providence. She enjoys playing golf, skiing, and rooting for the Providence College Friars.

        Representative Publications

        Representative Speaking Engagements

        Press Releases