Some folks start a private foundation because they want to give back; they want to help out the people, institutions, and communities they care about. For others, the initial interest is tax savings, perhaps inspired by a conversation with a trusted advisor. Whatever the impetus, even people who have had a private foundation for years are often unaware of the full capabilities of this powerful and flexible philanthropic vehicle. Giving through a private foundation offers tremendous advantages over giving as an individual donor. Here are just a few.
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Structuring Your Private Foundation as a Corporation or Trust