Family Foundations: Getting Started

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Some families set up a private foundation because they want to help out the people, communities, and institutions they care […]

Form 1023: Proceed with Caution

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Filing Form 1023, Application for Recognition of Exempt Status, is usually a private foundation’s first interaction with the Internal Revenue Service.

Top 10 Advantages of a Private Foundation

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A private foundation offers many benefits that are not available to individual donors or through other giving vehicles,, as outlined in this white paper.

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.

Charitable Vehicle Guide

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When meeting with high-net-worth clients and prospects, they increasingly expect that philanthropy will be included as a topic of discussion. This guide provides an overview of five methods of charitable giving. It is intended to help you understand which approach might be best suited for your clients’ financial and philanthropy goals.