Knowledge Center

Monday, April 01, 2013

Do Private Foundations Work Best in Trust or Corporation Form? How to Choose the Right Fit

By Kenneth A. Goldstein

Private foundations are subject to a number of complicated rules that prohibit and tax various forms of self-dealing. Additionally, contributions to private foundations during the donor's lifetime are subject to a number of restrictions relating to the income tax deductibility of contributions. Because of these complicated rules, it used to be that private foundations were considered to be a charitable giving technique only used by the wealthy. However, that is not the case anymore. A majority of foundations hold assets with fair market values ofless than $1 million...

To read more, please download PDF.

NOTICE: Emailing an attorney shall not and does not create an attorney-client relationship between the attorney and users of this web site or any other party whatsoever. An attorney-client relationship is ONLY established through a written engagement, and only where doing so would comply with all applicable laws and ethical rules.

CONFIDENTIAL INFORMATION: Transmission of information on-line, over email, or through any electronic means can be unstable, unreliable and insecure. You should not send information or facts via e-mail relating to your legal problem or question. If you do not have an existing attorney-client relationship, your e-mail may not be privileged or confidential.

By clicking 'OK' below, you are agreeing to the terms of this web site.

Please fill out the form below and we'll send an email out about this page to a recipient of your choice.

Copy: Check here if you would like a copy of the email.