Benefits of a Foundation.

Here are a few of the unique benefits of this powerful, flexible giving vehicle:

• Get a current-year tax deduction, but give when you feel like it

• Retain full legal control over foundation governance, assets, and spending

• Create a lasting legacy that links the family name with good works

• Hire family members and reimburse foundation-related expenses

• Pass on values and skills to younger generations

• Make tax-deductible grants directly to individuals in need

• Run charitable programs without setting up a separate nonprofit

Funding and Investment Options

Private Foundations are typically funded by a single individual, family, or business. They can be funded with, and continue to hold, a wide variety of assets. Other giving vehicles typically liquidate any assets that aren’t publicly traded securities shortly after funding.

Assets that can be held in a private foundation include:

• Cash and publicly traded securities

• Alternative assets, including private equity

• Real estate

• Tangible assets (art, jewelry, collectibles)

• Intangible personal property (copyrights, patents, royalties)

• Life insurance and annuities

If you have a Charitable Remainder Trust, you can typically name your foundation as the beneficiary.

Our Partners do not manage assets. They work closely with the trusted financial advisor you designate, and share our expertise on special considerations that affect assets within a private foundation.

Giving Options

Private foundations have broad latitude to pursue any activities as long as they advance a charitable purpose.

In addition to supporting public charities and other types of nonprofit organizations, a foundation can:

• Make grants to individuals for disaster relief and economic hardship

• Provide loans that are repaid to the foundation

• Set up scholarship and award programs, and choose the recipients

• Grant directly to international organizations

• Provide funds to for-profit companies, as long as they’re used for a charitable purpose

• Run its own charitable programs, such as a coat drive or soup kitchen

Our Partners staff of foundation experts will guide you every step of the way, so you can easily take advantage of every IRS-sanctioned option to accomplish your charitable goals.