Tips From the Pros: Does a Perpetual Trust Need a Perpetual Private Foundation?

There are approximately 40,000 private foundations (PFs) with assets in excess of $500 billion.¹ These PFs distribute an average of just over 5% of their assets, approximately $30 billion each year, to charitable institutions and causes.² Sixty-six percent of the PFs are family managed, and 75% have less than $1 million in assets.³ Many of these PFs, like family dynasty trusts, are established as a perpetual or long-term family entity. They’re usually a non