Raising a Generous Generation

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Establishing a private foundation can unite your family in the shared pleasure of giving back. It affords a rare opportunity […]

Foundation of a Philanthropic Family

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Although establishing a private foundation does offer attractive tax advantages, families are often motivated by a desire to create positive […]

Discretionary Grantmaking: The Pros and Cons

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Foundations typically approach most grants as a team sport, debating their merits and deciding, collectively, whether they’re likely to achieve the foundation’s goals. However, in addition to granting as a group, some foundations give their board and/or family members a portion of funds to donate as individuals. Th is practice, called discretionary grantmaking, is legally permitted as long as the grants are consistent with the foundation’s charitable purpose, and there aren’t restrictions in the charter documents to prohibit it.