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.


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TAGS: Philanthropy
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