Some families set up a private foundation because they want to help out the people, communities, and institutions they care about. For others, the motivation may start with tax planning, after a conversation with a trusted advisor. Whatever the impetus, you’ll find that a private foundation is a powerful and flexible philanthropic vehicle.
A private foundation is an independent legal entity over which you retain complete control. You have full and final say over how the foundation is governed, and how foundation assets are invested and spent.