Charitable Giving Through A Private Foundation

When considering setting up a private foundation, and with charitable giving generally, it is important to identify your philanthropic objectives including your motivations for giving, the level of control you wish to have in your giving, your family's involvement and your overall legacy. Establishing a private foundation can be a way to achieve both tax planning objectives and long-term philanthropic goals.

In this Client Advisory, we present an overview of the considerations for and general information on establishing, donating through and operating a private foundation. Our previous Client Advisory, "Charitable Giving", provided general information on charitable giving as part of an estate plan. This Client Advisory focuses on establishing a private foundation. References throughout this Client Advisory to a "foundation" are references to a private foundation unless otherwise specified.