Some folks start a private foundation because they want to help out the people, institutions, and communities they care about. For others, the motivation may start with tax planning after a conversation with a trusted advisor. Whatever the impetus, new donors often are unaware of the full capabilities of this powerful and flexible philanthropic vehicle.
Private foundations differ significantly from giving as an individual. Here are a few of the unique benefits:
To get the details on these and other benefits of having a private foundation, download a free copy of 10 Advantages of Having a Private Foundation.
Public Charities normally receive at least a third of their annual support as donations from the general public. This means they rely on ongoing fundraising activities.
Private Foundations are typically funded by a single individual, family, or business. While private foundations are allowed to conduct very limited fundraising activities, most do not because it is difficult for foundations to raise money from anyone outside the immediate family or business.
If a significant portion of the funding will be coming from fundraising activities, then consider a public charity. Foundation Source does not provide services for public charities. If you are providing most or all of the funding, consider a private foundation. Foundation Source can help you with that.
Foundation Visit our page on Starting a Private Foundation to get more detailed information about our simple process, the benefits of a private foundation, funding and investment options, ways you can give, and tax benefits.
Foundation Visit the 'Manage Your Foundation' zone to get details about the integrated support services we provide for all foundations.
Foundation Source is the nation’s largest provider of comprehensive support services for private foundations, bringing unparalleled knowledge and expertise to clients across the country. Our clients supply the funds, the vision, and the philanthropic goals; we take care of everything else.
Contact us to ask any questions you may have or to get the process started for establishing your private foundation.