Occasionally, legal practitioners will come across a private foundation (PF) that’s decided to split into two (or more) PFs. The reason for the decision could be as varied as the pending divorce of the founders, family dissension that impacts productivity or simply a lack of consensus regarding the PF’s philanthropic focus. In these cases, it’s not always as simple as dividing the assets into equal parts; rather, practitioners should take a number of factors into account to ensure an
ARTICLE ACCESS REQUIRED
Please Log in if you are currently a Trust&Estates subscriber, or select DAYPASS for our new 24 hour access (nominal fee required).
If you are interested in unlimited article access for one year, please select Annual Subscription below.