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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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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        Nonprofits Need Plan To Manage Deferred Giving

        PS&H attorney Elizabeth Manchester was interviewed by Providence Business News for an article that explores what nonprofits need to consider when accepting deferred gifts, and why it is important for institutions to market planned gifts.

        Elizabeth pointed out that although estate gifts are made with the best intentions, gifts can create unintended complications for the institution. In her practice, she provides counsel to charitable and academic nonprofit institutions on a range of issues including deferred and planned giving.

        Highlighting the different types of gifts, Elizabeth explained that “For some [donors], it may be the establishment of an endowment gift to benefit the organization in perpetuity...It may be honoring a loved one through a named space. It certainly may be … leaving the donor’s personal legacy for an institution. There may be tax motivations. A common thread is that the organization is one that has engaged and inspired that donor in a meaningful way.”

        Elizabeth also pointed out that “restricted giving” is becoming more popular; that is, gifts being restricted for a specific purpose. She said, “Organizations need to be aware of legal compliance, responsible fundraising practices and IRS regulations regarding gift administration.”

        She also explained that the Tax Cuts and Jobs Act of 2018, which increased the standard tax deduction, lessened the incentive for many donors to make charitable gifts in order to receive an itemized deduction. “For this reason, deferred giving is more important now than ever for nonprofit organizations.”

        With the baby boom generation and the impending transfer of their wealth, Elizabeth stressed that nonprofits need to have a formalized planned- and estate-giving program in place.

        Click here to read the full article. (subscription required)