Leaving a Business to a Private Foundation

Leaving a Business to a Private Foundation

Every so often, business owners bequeath their businesses to their private foundations (PFs). Perhaps they have no obvious heirs, perhaps they feel they’ve sufficiently provided for their family or perhaps they’re driven by significant philanthropic desires. Some owners even leave their business to a PF in the hope that it can continue the business indefinitely. Whatever the motive, such a disposition will be a significant challenge for the executor.

Unfortunat

All access premium subscription

Your subscription will include 12 months of Trusts & Estates magazine and access to premium content on WealthManagement.com.

TAGS: Philanthropy
Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish