The Better Bequest

Date:

Categories: Starting a Foundation

Search Topics: Tax Planning for Individuals

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.

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