Sterling Resources

Events

 

May 29 - 31, 2010

Crossroads for Kids Fundraising Event

 

Karl and Brendan Feitelberg will be competing in the May 29-31, 2010 39th Annual Figawi race to raise money for Crossroads for Kids/Rodman Ride.

 

Your support will enable the camp to provide the much needed resources for kids at risk. In addition, your contribution will be matched 10% by the Rodman Ride for Kids. The Rodman Ride is an umbrella matching charity that supports 25 youth organizations in Massachusetts.

Please note - all expenses have been underwritten by the Feitelbergs - 100% of your donation will go directly to Crossroads for Kids.

To make a donation to support Crossroads for Kids  www.crossroads4kids.org/figawi

 

June 17-19, 2009 (Past Event)

2nd Annual U.S. - Latin American Tax Planning Strategies Conference

 

Mandarin Oriental Hotel - Miami, Florida

 
Co-Sponsored by:  American Bar Association Section of Taxation; International Bar Association Taxation Section; International Fiscal Association - USA Branch (IFA)
 

Karl Feitelberg will participate in a panel Moderated by Thomas F. Morante of Holland & Knight (USA) and Maria Teresa Cremaschi of Barros & Errazuitz Abogados (Chile) on the Use of Life Insurance Products in Estate Planning for Latin American Based Clients.

Conference link : https://meetings.abanet.org/meeting/tax/MIAMI09/

 

March 24, 2009 (Past Event)

Philanthropic Symposium for Partners Healthcare

Sheraton Four Points, Norwood, MA
 
This event is by invitation only.  
 
Karl Feitelberg will participate on a panel discussing the current economic impact on philanthropy.

 

Karl's remarks at the Parters Healthcare event:

Partners Healthcare - “All All Philanthropy in the New Economy”
Philanthropy in the New Economy – Karl J. Feitelberg
March 24, 2009

First of all, I would like to thank Alan Peckham for inviting me to participate on this panel with George Donnelly, Tom Cassell and Tom Glen.  It is always a positive experience when I have the opportunity to get together with an audience like you who are all dedicated to enhancing their community through philanthropy.  Alan, I consider myself fortunate to participate and learn from today’s events.

I have been asked to share my experience and provide observations on how some of the high net worth families that I represent are now approaching philanthropy in this new economy.  The impact of this economic crisis has created an environment that is substantially more challenging for identifying and receiving commitments from donors.  During this period of time it is essential to retool and refocus your approach to meet this challenge. 

In general, the target donor group is a population not saddled with debt and includes those who create their wealth in industries that are, at a minimum, recession resistant.  (e.g., food, beverage, medical, technology)  In a nut shell, any key business that encompasses essential goods or services.

As you begin to approach potential donors, it is important to provide a “pass” to those that are not as fortunate.  You must understand that applying the “ask” to those in dire straits will not only be fruitless but can alienate them from your cause in the future once they recover. 

The fundamental approach should be to focus on men and woman of the community that are admired and trusted who have sidestepped the financial tsunami.  It is essential to work exclusively with this defined and limited group.  Since we live in a world where “trust” has been decimated it is more important than ever to approach the selected few and attempt to convert them from the role of charitable donors to full fledged philanthropist.  By this I mean that you have to convince your best relationships to go beyond writing a check and begin to actively participate with you in your cause.  That begins with an effort to meet their closest friends with the sole purpose of encouraging them to proactively participate.  It is through deep personal contacts and meaningful referrals that you will be able to break through the huge trust barrier and expand fruitful relationships for the Partners cause.  In short, one of the most essential jobs for you today is to break down your donor’s habits of just writing checks and get them to expand their role as advocates of Partners.

More than ever you need to distinguish your cause, as many donors that have the ability to give are narrowing down the number of charities they support.  It is essential that you build a case to make Partners one of their “core charities.”  Most high net worth individuals that have created their own wealth are now applying the same successful business strategies to their approach to philanthropy.  It is essential in this process for you to demonstrate the “impact” of their giving by quantifying its result and creating a plan that is fully accountable for their gift. 

The true essence of getting to know and expand these critical relationships in your donor pool is simply identifying and understanding their potential giving trigger points.  It is critical that you conduct research and do your homework to gather as much information on their core values before your initial contact.  The material information should be obtained from all sources from the personal relationships that connected these prospects to you.  That information should lead to meaningful and productive conversations. Expanding your knowledge of the key trigger points can motivate them to become a donor to your cause.  Prepare questions in advance that can build upon your research and lead you in the right direction.  The more you understand their values and desires going into the initial meeting the higher the probability that you can build a case that specifically addresses their concerns and will lead to a gift for Partners.  I would like to share with you a few examples of how some of the individuals that I represent became charitable donors to medical causes.

Client #1 – Partners in Health
Client #2 – Kids at risk
Client #3 – art - Nursing
Client #4 – stem cell
Client #5 - Brother
Client #6 – School project

In closing I want to let all of you know how much I admire the work you do each day.   What better mission is there than gathering funds to help improve the quality of life and in some circumstances saving lives itself!

I look forward to your questions as to how this turbulent economy is effecting giving.  Please remember, even with all the chaos around us we have to focus on the future and project hope for it.  To quote a well-known New Englander, John Fitzgerald Kennedy, the Chinese use two brush strokes to illustrate the word Crisis – one stroke stands for danger and the other stroke for opportunity.  In a crisis be aware of the danger (and side step it) but recognize the opportunity and seize it. 

By building one deep and meaningful relationship at a time you can help rebuild genuine trust and provide the opportunity for all involved.  You have the ability to make a difference!

Donors can be converted to become true advocates for Partners with your help and guidance.

 

September 26, 2009

Rodman Ride for Kids (Past Event)
 
Team Sterling Resources will participate once again in this event. 
 
More information to come.

 

Thank you once again for your generosity.

 For more information on The Rodman Ride for Kids, http://www.rodmanrideforkids.org/site/content/index.html

For more information on Crossroads for Kids , www.crossroads4kids.org

May 2007 (Past Event)

The Impact of High Net Worth Philanthropy

May 17, 2007
Gillette Stadium, Foxborough, MA
Northeast Lounge

Invitation only event

Sterling Resources Ltd. was pleased to host a distinguished group of individuals that will share their philanthropic experiences.  This forum provided the attendees with the knowledge to enhance personal philanthropic endeavors, as well as provide insights on the combined impact on family, charity and community.

Introduction - Karl J. Feitelberg


Overview of Philanthropy - Katherine McG. Sullivan


Next Generation Perspective - Moderator, Denis J. Cleary, III


Panel - Jeffrey D. Bilezikian, Kathleen V. Carney, Patricia Simboli


Father & Daughter’s Story - Mitchell and Cieu Lan Dong


The Mission - Stephen A. Davis and A. Raymond Tye


Charity’s Perspective - James E. Thompson


Philanthropy’s Impact - Jonathan A. Kraft


An Introduction To Dr Paul Farmer - Thomas J. White

One Man's Story - Dr Paul Farmer

 

2:00 - 2:30pm Registration

2:30 - 6:30pm Seminar

6:30 - 7:00pm Wine and Gourmet Cheese Tasting

7:00 - 8:30pm Dinner

 

Karl's opening comments at the May event:

When I initiated the planning process for this series of seminars on philanthropy, I began learning so many positive things about humanity, a refreshing change from the daily news.  When I reached out, I found wonderful families who had the desire to give, but had not taken the initial step and wanted to learn from the experience of others.

In addition, I discovered some of the families that I represented that did play significant roles within their community were willing to share their experience and learn more from their peers.

Today’s program is designed to be a forum for this to happen.

Our speakers will share their philanthropic experiences with you, as I hope you will share yours as well, during the course of the day.  The goal is to enhance all our personal philanthropic endeavors, as well as offer insight on the combined impact on families, charity and the community.

Our speakers are all humanitarians focused on donating tremendous amounts of their time, as well as financial resources, to improve our world.  They don’t just write the check, they live the life! 

They all came from the realization that many of us are blessed with good health and prosperity….and that most people are not as fortunate.  Many desperately need our empathy and help.

As John D. Rockefeller said “every right implies a responsibility; every opportunity, an obligation; every possession a duty” he was also quoted “think of giving not only as a duty but a privilege”

The father of our public library system, Andrew Carnegie, shared his wisdom when he said “I resolve to stop accumulating and begin the infinitely more serious and difficult task of wise distribution.”

Mr. Carnegie must have read Aristotle’s quote “to give away money is an easy matter and in any man’s power (this was obviously before the woman’s movement!)  ...But to decide to whom to give it, and how large and when, and for what purpose and how, is neither in every man’s power nor an easy matter.”

Governments and large corporations generally do not succeed at wise distribution, and, as such, don’t deliver the impact that the less fortunate need.  It is usually the entrepreneurial community that becomes the center of the most effective forms of assistance.  The consequences of their philanthropic actions are what improve the world we live in.

All stories that will be shared today are from the entrepreneurial community.  They range in age from a teen to Tom Brokaw’s “Greatest Generation,” sharing a wide range of views and causes.

Our speakers will express their values, what helped them get started, how they began focusing on their particular mission and, in general, what worked and what didn’t.

Before we get started I want to thank all of you that responded to my email late last year. The advice that you generously shared with me helped over the last six months in planning today’s program. 

In particular, the strong opinion was that our audience would get more out of interaction with “real” peers and listening to their intimate stories …so that is what you are about to experience.

Karl Feitelberg

 

October 2007 (Past Event)

The Impact of Philanthropy

October 17, 2007

Metropolitan Club, New York City

Invitation only event 

Sterling Resources Ltd. was pleased to host a distinguished group of individuals that shared their philanthropic experiences.  The forum provided the attendees with the knowledge to enhance personal philanthropic endeavors, as well as provided insights on the combined impact on family, charity and community.

Katherine McG. Sullivan, Lawyers for Children America

Mitchell Dong, Solios Asset Management and Stepping Stones International

Dr. Paul Farmer, Partners in Health

Joan E. Spero, Doris Duke Foundation

Rosanne Haggerty, Common Ground Community

Claudia Fleming, Baby Buggy Inc.

Mark Rubin, Schonbraun McCann Group

Douglas Bauer, Rockefeller Philanthropy Advisors

Donald Jonas, Jonas Family Fund

Barbara Jonas, Jonas Family Fund

 

 

 

 

 

 

February 14, 2008

Boston Estate Planning Council
Member Round Table Breakfast – Member only event

 

University of Massachusetts Club
Boston, MA
8:00 am-9:30 am

 

Moderators

 

Rob Erdmann, MARSH Private Client Services
George Cushing, Esquire, Kirkpatrick & Lockhart, Preston, Gages & Ellis LLP
Phyllis Federico, Packenham, Schmidt & Federico PC
Karl J. Feitelberg, Sterling Resources, Ltd.

 

Karl will facilitate in informal roundtable discussion on Enhancing Wealth Accumulation with Private Placement Life and Annuities to members of the Boston Estate planning Council which will include a description of fundamental advantages of utilizing private placement life and annuities and a general review of structures, characteristics and case discussions.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mitchell Dong, Stepping Stones International, Tax ID# 20-2900537

Mitchell Dong is an entrepreneur in the energy business.  He founded and managed four companies involved with owning and operating hydroelectric and gas fired power plants and hazardous waste facilities.  Today, he is the founder and CIO of Solios Asset Management which runs two energy hedge funds, investing in alternative energy, nuclear power and power trading.

Mitchell directs his family’s philanthropic activities which focus on public health and poverty reduction.  The Dong family endowed the Mitchell Dong and Robin Lafoley Dong Professorship of Epidemiology at the Harvard School of Public Health.  Mitchell was the co-founder of the Harvard Environmental Health Council and is on the Steering Committee of the Kennedy School Environmental Council.  The Dongs also support the Nutrition Roundtable and the Harvard AIDS Initiative at the School of Public Health.  Mitchell and Robin have encouraged their daughters to work on poverty reduction projects in Africa and Latin America.  Their daughters’ projects have supported schools, orphanages and after school programs for children in need in the world’s poorest countries.

Mitchell 

Katherine McG. Sullivan, Lawyers for Children America, Inc., Tax ID# 06-1412355

Kate Sullivan recently retired as Executive Vice President of Citigroup International which operated in 100 countries around the globe.  Previously she was Senior Vice President and General Counsel of Citigroup’s Global and US Consumer Businesses.  Kate started her career in public service advocating for the rights of abused and neglected children, the mentally disabled and the elderly.

Kate is Chairperson of Lawyers for Children America a nonprofit organization which provides free legal services to abused and neglected children.  Kate recently was President of CHADD (Children and Adults with Attention Deficit Disorders) a national organization which helps families who are coping with children and adults with ADD.  Kate currently provides consulting services to individuals and charities regarding focused and impact giving as well as on international charitable opportunities such as micro financing.

Katherine 

Paul Farmer, M.D., Ph.D., Partners in Health, Tax ID# 04-3567502

Medical anthropologist and physician Paul Farmer is a founding director of Partners In Health, an international charity organization that provides direct health care services and undertakes research and advocacy activities on behalf of those who are sick and living in poverty. Dr. Farmer is the Maude and Lillian Presley Professor of Medical Anthropology in the Department of Social Medicine at Harvard Medical School. His work draws primarily on active clinical practice (he is an attending physician in infectious diseases and Associate Chief of the Division of Social Medicine and Health Inequalities at Brigham and Women’s Hospital (BWH) in Boston, and served for 10 years as medical director of a charity hospital, L’Hôpital Bon Sauveur, in rural Haiti) and focuses on diseases that disproportionately afflict the poor. Along with his colleagues at BWH, in the Program in Infectious Disease and Social Change at Harvard Medical School, and in Haiti, Peru, Russia, Rwanda, and Lesotho, Dr. Farmer has pioneered novel, community-based treatment strategies for AIDS and tuberculosis (including multidrug-resistant tuberculosis). Dr. Farmer and his colleagues have successfully challenged the policymakers and critics who claim that quality health care is impossible to deliver in resource-poor settings.

Dr. Farmer has written extensively about health and human rights, and about the role of social inequalities in determining the distribution and outcomes of infectious diseases. He is the author of Pathologies of Power (University of California Press, 2003), Infections and Inequalities (University of California Press, 1998), The Uses of Haiti (Common Courage Press, 1994), and AIDS and Accusation (University of California Press, 1992). In addition, he is co-editor of Women, Poverty, and AIDS (Common Courage Press, 1996) and of The Global Impact of Drug-Resistant Tuberculosis (Harvard Medical School and Open Society Institute, 1999).

Dr. Farmer is the recipient of the Jimmy and Rosalynn Carter Award for Humanitarian Contributions to the Health of Humankind from the National Foundation for Infectious Diseases, the Salk Institute Medal for Health and Humanity, the Duke University Humanitarian Award, the Margaret Mead Award from the American Anthropological Association, the American Medical Association’s Outstanding International Physician (Nathan Davis) Award, and the Heinz Humanitarian Award. In 1993, he was awarded a John D. and Catherine T. MacArthur Foundation “genius award” in recognition of his work.

Dr. Farmer received his Bachelor’s degree from Duke University and his M.D. and Ph.D. from Harvard University. He is the subject of Pulitzer Prizewinner Tracy Kidder’s Mountains Beyond Mountains: The Quest of Dr. Paul Farmer, a Man Who Would Cure the World (Random House, 2003).

Paul 

Joan Edelman Spero

Joan E. Spero has served as President of the Doris Duke Charitable Foundation since 1997.  The $2 billion foundation makes grants in the performing arts, environmental preservation, medical research and prevention of child abuse. In 2007, the Foundation launched two new initiatives in global climate change and health care in Africa.  Ms. Spero also serves as President of the Duke Farms Foundation, a 2,700 acre property in New Jersey devoted to environmental stewardship; and the Doris Duke Foundation for Islamic Art, whose mission is the study and understanding of Islamic arts and culture.

Ms. Spero served in the U.S. Department of State as Undersecretary for Economic, Business, and Agricultural Affairs (1993-1997) and as Ambassador to the United Nations for Economic and Social Affairs (1980-1981). She was a corporate executive at American Express Company (1981-1993) and an Assistant Professor at Columbia University (1973-1979).  Ms. Spero graduated from the University of Wisconsin and holds a master’s and doctoral degrees from Columbia University.
Ms. Spero has authored several books and articles in professional journals and is active in professional associations in foreign affairs and economics.   She serves as a Trustee of Columbia University, the Council on Foreign Relations, and the Wisconsin Alumni Research Foundation.  She is on the International Advisory Board of the Toyota Motor Corporation, and is a Director of First Data Corporation and IBM.

Joan

Rosanne Haggerty

Rosanne Haggerty is the President and Founder of Common Ground Community H.D.F.C., Inc., a New York City-based non-profit organization dedicated to finding innovative solutions to homelessness.  Common Ground was founded in 1991 and has developed and operates a range of housing facilities serving formerly homeless and low income households located in New York City, the Hudson Valley and Connecticut. In addition, Common Ground operates programs designed to prevent homelessness among vulnerable individuals and groups and to assist long-term homeless adults in accessing housing.
Common Ground’s innovative work has been recognized with national and international awards including the Rudy Bruner Award for Urban Excellence, the Peter Drucker Award for Non Profit Innovation, and the World Habitat Award through the United Nations and Building and Social Housing Foundation. Haggerty is an inner-city Advisor to the Urban Land Institute, a board member of the Citizen’s Housing and Planning Council, Center for Urban Community Services, the Times Square Alliance and Quest Diagnostics, and a Life Trustee of Amherst College. Haggerty was a Japan Society Public Policy Fellow, an Adelaide Thinker in Residence, and the recipient of a John D. and Catherine T. MacArthur Fellowship. 

 Rosanne

Claudia Fleming

Claudia Fleming joined Baby Buggy as Executive Director in 2002.  She brought with her many years of “for profit” experience and a background in financial and corporate services, communications and client relations.
In 2000, Claudia became the Executive Director for New Yorkers for Children (NYFC). As such, she was responsible for managing every aspect of this non-profit organization that serves as the private partner for the Administration for Children’s Services (ACS). In this role she had the opportunity to work with some of the greatest minds in New York City’s public sector, including Commissioner Nicholas Scoppetta, Deputy Mayor Linda Gibbs, and former Commissioner William Bell. During her tenure at NYFC, she put in place a structured fundraising process, implemented the first strategic plan, spearheaded the marketing committee and the creation of organization’s communication materials, and increased the number of teens served by their programs.
Claudia’s private-sector sensitivity explains her focus on the efficiency and effectiveness of Baby Buggy’s resource allocation; a service that is unique in the city’s social service community. Before she started her non-profit career, Claudia worked in the financial sector at City Federal Savings and Loan where she focused on analyzing and identifying processing problems. Two years later, she started working in the marketing department of the Benetton Corporation.  For the next few years Claudia continued to advance her career in other major corporations. She then moved to Milan, Italy in 1991 to work as a marketing coordinator for the agent for Bobby Jones Sportswear. In this position she was responsible for the communication between 12 different Italian clothing manufacturers and marketing and design staff in the United States.
Claudia later joined Toolbox, LLC as a public relations manager for the advertising agency. During her tenure there she also spent her time as the Co-Chairman New Media Committee for the New York Junior League. Claudia was responsible for developing and expanding their new website and overseeing their computer recycling initiative. Her efforts resulted in greater awareness of NYJL programs and a reduction in the fixed costs of the recycling program. 
Claudia is a graduate of Babson College in Wellesley, MA.   She lives in New York City with her two children, Morgan and Christian.

Claudia

Mark Rubin
Mark Rubin, CPA, is a partner in The Schonbraun McCann Group’s Private Client Tax & Advisory Services group, an exclusively service-oriented multi-family office. Previously, as a founder of The Metropolitan Group, Mark developed a model for working with families of wealth who own and manage substantial assets, including operating companies, real estate, investments and foundations. In addition to creating long-term preservation strategies for a family’s shared assets, he is known for his work in developing governance structures of multi-generational groups, including sibling partnerships and cousins’ groups. As a third-generation family member in his family’s business, Mark has in-depth experience living with the opportunities and challenges involved in running a family enterprise.
Previously, Mark spent 10 years in the tax practice at Price Waterhouse, where as a Senior Tax Manager, he guided family enterprises in complex ownership transitions. Widely quoted in national publications, he speaks frequently on family wealth issues, and the role of philanthropy in a family’s long-term wealth preservation.
Mark graduated from The Pennsylvania State University with a BS in accounting and has served on the Family Firm Institute’s Board of Directors and various family enterprise boards.

Mark

Doug Bauer

Doug Bauer is a Senior Vice President with Rockefeller Philanthropy Advisors (RPA). Appointed in March 2002, he works with individuals, families and corporations on developing and executing their charitable giving goals and programs.  Prior to joining RPA, Bauer was a Vice President at Goldman Sachs and President of the Goldman Sachs Philanthropy Fund, the firm’s donor-advised fund. From 1996 to 2000, Bauer was Director of Community Partnership at SmithKline Beecham and Executive Director of the SmithKline Beecham Foundation and focused on community-based healthcare issues around the world. From 1992 to 1996, Doug was a Program Officer for Culture at The Pew Charitable Trusts. And from 1992 to 1988, Doug managed the Scott Paper Company Foundation and concentrated on school reform issues across the U.S. Doug is active in the field of philanthropy. He chairs The Better Business Bureau’s Wise Giving Alliance and the Support Center for Nonprofit Management, and serves on the boards of The Carbon Disclosure Project (UK), and NYRAG.  He is also an adjunct faculty member at the University of Pennsylvania where he teaches a course and seminars on philanthropy.  Doug is a graduate of Michigan State University.  He also holds a M.S. from Penn and a M.J. from Temple University. 

Doug

Donald Jonas

Married 54 years
2 Children and 2 Grandchildren
Currently living in New York, Greenwich, CT and Dominican Republic
Collector of Modern Art
Started “Read to Feed Program” in New York public and private schools for Heifer International;
Currently active with Heifer programs
Trustee & Honorary Trustee of Horace Mann School (1968 – Present)
Active in Dominican Republic pro bono work: educational and medical
Former Board Member of Dress Barn, apparel retail chain, listed on NASDAQ exchange (1988–2004)
Former Board Member of Kipp Academy (Charter School) Bronx, NY (2002-2004)
Founder & Chairman of Barbara Lynn Stores and successor company, Belscot Retailers, both listed on American Stock Exchange for over 20 years (1953-1975)
Co-Founder & Chairman of Lechters, housewares retail chain (1973-2001) Retired 3/31/01
Member of Guggenheim Museum Business Board (1993 – 1998)
Former Board Member of American Jewish Congress (1970)
Former Board Member of Cancer Care, Inc. (1963)
Served in the United States Marines (1951)
Horace Mann School Graduate (1947)

 

Barbara Jonas

Barbara Jonas graduated from the High School of Performing Arts and Sarah Lawrence College, earned her MSW from Yeshiva University and was a practicing psychotherapist. 
She was Vice Chairman of the Community Services Board of the New York City Department of Mental Health, Mental Retardation and Alcoholism Services, a Member of the Institutional Review Board of New York University Medical Center from 1983 to 2005,  and is a Member of the  Columbia Presbyterian Health Sciences Advisory Council. 
In 1992, she established the Barbara Jonas Centers for the Study and Treatment of Children at Risk at New York University Medical Center and Department of Psychiatry at Columbia University Medical Center. 
Mrs. Jonas has been a Trustee at the Guggenheim Museum and currently is a Member of the Art and Museum Committee and a former Member of the Board of the Alvin Ailey American Dance Theater Foundation. 
She is currently an advisor to the Barbara and Donald Jonas Family Fund and the Vice Chairman of The Jonas Center for Nursing Excellence.  This center was founded to advance professional nursing through programs that promote nursing recruitment and retention, increase racial and ethnic diversity, advance innovative practice models and improve practice environments.

 

 

 

 

 

* MML Investors Services, Inc. does not provide tax planning services.

What Clients Say

"Karl Feitelberg is a highly skilled practitioner in the insurance field. The "alphabet soup" behind his name confirms that fact. Karl and his colleagues at Sterling Resources offer a circle of competence that encompasses much more than traditional insurance. Indeed, Sterling Resources provides an array of strategies and products that allow wealth managers to take advantage of the most significant financial innovations spawned in recent years by the rapid integration of international capital and insurance markets.

"After nearly two decades of benefiting from Karl's professional counsel, I am convinced that he is one of the outstanding experts in the field and that he is as trustworthy as any insurance professional with whom I have worked in my entire career. Nothing is more important than trust."

Steve H. Hanke
Professor of Applied Economics at The Johns Hopkins University and a Columnist at Forbes magazine.

The above testimonial does not pertain to the securities products or investment advisory services offered through MML Investors Services, Inc. The testimonial pertains to the insurance products or services offered by Karl J. Feitelberg.