What Form Should Your Private Foundation Take?

A quick guide to choosing between two possible entities: non-profit corporation and charitable trust

Philanthropically minded clients often create private foundations to structure their giving because foundations provide significant advantages: They give donors considerable control over investment and distribution decisions; they also allow donors flexibility in fulfilling their charitable intentions. Moreover, this control and flexibility can be passed to the next generation or other individuals to preserve a family's legacy.

When establishing a private foundation, donors

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