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
Mandarin Oriental Hotel - Miami, Florida
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
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.
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
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.
* MML Investors Services, Inc. does not provide tax planning services.
"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.
















