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Why Start a Foundation?
A private foundation or charitable trust allows you to make a lasting impact while enjoying significant tax benefits. It's one of the most powerful tools for building a legacy that outlives you.
Benefits of a Private Foundation
- Tax Deductions: Deduct contributions up to 30% of AGI
- Estate Planning: Remove assets from taxable estate
- Family Involvement: Employ family members, teach philanthropy
- Control: Direct exactly how funds are used
- Legacy: Create lasting impact in your community
Foundation vs. Donor-Advised Fund
Not sure which is right for you? Here's a quick comparison:
Private Foundation
- • Full control over grants
- • Can hire family members
- • More administrative work
- • Best for $250K+ in assets
Donor-Advised Fund
- • Simpler to manage
- • Lower minimums
- • Less control
- • Good starting point
Tax Strategy with Foundations
Strategic use of a foundation can significantly reduce your tax burden:
- Bunch Donations: Contribute multiple years' worth in high-income years
- Donate Appreciated Assets: Avoid capital gains while getting full deduction
- Business Interests: Donate business interests for maximum benefit
- Retirement Assets: Name foundation as beneficiary to avoid income tax
How We Help You Get Started
Our foundation formation services include:
- Determining the right structure for your goals
- 501(c)(3) application preparation
- Board governance setup
- Ongoing compliance and tax filing
- Grant-making strategy
Ready to Build Your Legacy?
Let's discuss how a foundation can help you make an impact while optimizing your taxes.
Start the Conversation