Build a Better Family with a Private Foundation

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A private foundation can help you instill values in your children, ward off “affluenza,” teach fiscal responsibility and business skills, and even help older children get a leg up in today’s fiercely competitive job market—all while uniting the family in meaningful work. And because a private foundation can be set up to exist in perpetuity (with assets that grow in a tax-advantaged environment), your family’s foundation can become a living heirloom, passed from one generation to the next as a philanthropic legacy. This article explores a few of the ways that having a private foundation can help you build a better family today and for generations to come.

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