In addition to supporting the family’s financial, investment, and personal needs, you also assist with the family’s private foundation.
- Does supporting the foundation take up a disproportionate amount of your office’s resources?
- Does your office have expertise in IRS regulations that govern private foundations to ensure that the family foundation is compliant?
- Has the family expressed a desire to be more creative in their philanthropy, going beyond making grants to public charities?
- Is coordinating foundation activities among family members complicated because they live in different zip codes or time zones?