Foundation of a Philanthropic Family

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Categories: Starting a Foundation Supporting Your Foundation

Search Topics: Family Engagement

Although establishing a private foundation does offer attractive tax advantages, families are often motivated by a desire to create positive change, both in the world and in their own lives together.

That’s why, in addition to adopting an external mission (what the foundation does, why, how and for whom), many foundations also draft an internal mission specifying how the foundation will function to build family, encourage education, and confer family values to younger members. This booklet offers examples of these internal missions and how Foundation Source clients have used their family foundations to achieve them.

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