Knowledge Center

Thursday, August 21, 2014

Private Operating Foundations: The 'Hands-On' Approach to a Charitable Legacy

by Richard M. Horwood, Kenneth A. Goldstein, and Chelsey E. Ziegler

Family Foundation Advisor, July/Aug 2014

An increasing number of affluent individuals and families want their foundations to do more than simply write checks to public charities. An important but often overlooked alternative is to establish a private operating foundation - ideal for donors who desire maximum control over their contributions, a deeper tie to the impact of their charitable efforts, and significant tax benefits.  For art collectors, private operating foundations ensure that art collections will remain on public display in museums and research facilities. 

To read the full article, please click HERE.

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