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The Medford Multicare Center for Living is one The Medford Multicare Center for Living is one of seven nursing homes that donated to the Klein Foundation

11 Sep 2014

Ken Cerini was quoted in this Newsday Article:

Private foundations are required by the IRS to distribute 5 percent of their assets each year, said Ken Cerini, managing partner of Cerini and Associates, a Bohemia accounting firm that deals with nonprofits.

“The purpose of a family foundation is to provide a legacy,” said Cerini, who has no business relationship with the Kleins. “The goal is to create an ongoing benefit, even after the contributor dies.”

For the full article click here.