What are the advantages of establishing a private foundation? How does it change one’s philanthropy? Some folks start a private foundation because they want to give back; they want to help out the people, institutions and communities they care about. For others, the motivation to a establish foundation 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. It differs significantly from giving as an individual donor, and here are a few of the benefits.