Charitable Giving and Private Foundations
Charitable giving can be accomplished in many ways: direct donations, charitable trusts and other forms of restricted giving, gift programs and private foundations. Our attorneys have worked with individuals, families and companies to structure the most advantageous methods given the situations, the clients' goals and the tax implications.
Private foundations are an increasingly popular type of charitable giving. They are formed for a multitude of nontax reasons: to support the family's philanthropic interests, to instill values in their children who are able to administer the foundation and to ensure the good name of the family for generations to come. We have extensive experience in obtaining tax exempt status for foundations once the clients conclude (after considering the advantages and disadvantages with us) that a foundation is an appropriate vehicle.
Private foundations are an increasingly popular type of charitable giving. They are formed for a multitude of nontax reasons: to support the family's philanthropic interests, to instill values in their children who are able to administer the foundation and to ensure the good name of the family for generations to come. We have extensive experience in obtaining tax exempt status for foundations once the clients conclude (after considering the advantages and disadvantages with us) that a foundation is an appropriate vehicle.