The Better Bequest

Why Your Estate Plan Should Include a Private Foundation

If you’re expecting to leave a significant sum of money to charity as part of your estate plan, you might want to consider contributing it to your own private foundation instead of giving it directly to nonprofit organizations. A private foundation, controlled by your heirs or others that you designate, can achieve greater impact for the causes and organizations that matter to you while at the same time providing valuable tax benefits.

Although donating directly to nonprofit organizations can be appropriate in many instances, for the disposition of a large, testamentary gift, there are several reasons why a foundation would be a better and more responsible choice.

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