Family Foundations
Family Foundations
Families often act to create their own charitable endowment. The reasons to do this can be as numerous as the reasons there are to give to charity. One is to build a legacy.
Estate Planning is in large part about control, about achieving goals and also saving on taxes. When you set out to leave a legacy through a family foundation, consider:
What are your charitable goals?
What are the kinds of assets you would like to donate?
How is your family going to come out?
Of course, we ask many more questions. Our process involves a wide range of questions that of course must follow any solution. Just because a foundation may be beneficial does not mean it will benefit everyone.