PRIVATE FAMILY FOUNDATIONS

Consider the value of establishing a family legacy by creating a vehicle to affect positive change in a meaningful way.  This vehicle can be a Private Family Foundation.  We can help you navigate the process with ease! Most of our clients receive their determination letter (tax exempt letter) within 30 days, while other organizations take multiple months and even years for approval.

Private Family Foundation Benefits

•You as Founder can contribute up to 30% of the family income (AGI) thereby lowering your tax liability

•Your Foundation receives donations of income, investments, assets, collectibles, real estate

•Your Foundation is exempt from federal income tax, capital gains tax, estate and gift taxes

•Foundations are generally exempt from sales taxes on purchases, and property taxes in most counties

•Your Foundation distributes 5% of net investment assets to charities of its choice

•Available to anyone…no minimum funding level

•Operated and managed with complete legal control by individual or family

•Can hold investment accounts where the profits grow and assets accumulate tax free

•A common and recognized estate planning exit strategy

•A “tax system for the informed” in place of a “tax system for the uninformed”

•Eligible for grants

•A grant-obtaining provider on staff (What’s your dream for doing good?

•But you “never had the time and the money………….”)

•Travel and training workshops with hands-on giving in worldwide locations

•A tax exempt charity in total compliance with IRS Section 501(c)(3) Exempt Organizations

•Absolve concerns regarding estate planning, eliminate probate

•Receive extensive support including hands-on workshops to ensure your successful management of the foundation

•Establish a secure and prosperous retirement plan including the essentials of compensation

•Create and live your ideal calendar

•Receive, because of your stewardship of the foundation, the necessities of transportation, travel accommodations for grant-making, health care, insurance benefits

•Create a separate legal entity with an EIN number

•The foundation pays a 1-2% excise tax on net profit (this is part of the 5%)

•Operate it successfully without paid staff (if desired)

•Create fiscal responsibility by directing former tax dollars to charities of choice

•Combine flexibility, control and tax advantages while you self-direct social capital

•Fewer than 60,000 in the United States, 93% with assets less than $1,000,000

•Establish a family-name legacy bringing you closer to children and grandchildren

•Support positive values and choices and promote a greater meaning for life

•Empower family members and recipients

•Provide a training ground for younger generations to share values and vision

•Create a powerful way to help your community

•Express your own beliefs and your passion for what is important to you

•Establish an exciting and rewarding lifestyle utilizing your talents, skills and abilities

•Understand stewardship in place of ownership

•Receive maximum fulfillment from being a grant-maker

•Give freely and anonymously, thereby “doing well” by “doing good”