Resources tagged as: "Private Foundations Basics" Clear

Charitable Vehicle Guide


Categories: Starting a Foundation Advisors

Search Topics: Private Foundations Basics Strategic Planning Tax Planning for Individuals

When meeting with high-net-worth clients and prospects, they increasingly expect that philanthropy will be included as a topic of discussion. This guide provides an overview of five methods of charitable giving. It is intended to help you understand which approach might be best suited for your clients’ financial and philanthropy goals.

Discretionary Grantmaking: The Pros and Cons


Categories: Supporting Your Foundation

Search Topics: Basic Grantmaking Family Engagement Foundation Governance Foundation Investments Private Foundations Basics

Foundations typically approach most grants as a team sport, debating their merits and deciding, collectively, whether they’re likely to achieve the foundation’s goals. However, in addition to granting as a group, some foundations give their board and/or family members a portion of funds to donate as individuals. Th is practice, called discretionary grantmaking, is legally permitted as long as the grants are consistent with the foundation’s charitable purpose, and there aren’t restrictions in the charter documents to prohibit it.