Private Charitable Foundations
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Private Charitable Foundations
Your Key to
Significance
Why start a private charitable foundation?
1.
To make the world a better place. What would you change
in the world, if you could? The private charitable family foundation is a non-profit entity, a 501(c)(3) exempt organization, organized for charitable, religious, educational, cultural, literary, scientific or other such purposes.
What is the
history of foundations? Hundreds of years ago the great needs of
society, the poor, the weak, the deformed, those in asylums, and
orphans, on one hand, and religious teachings of love, kindness,
charity and benevolence toward others, inspired those with the
ability to give assistance to do so. Thus charitable bequests,
foundations, trusts and other institutions began to form for the
benefit of those less fortunate. The concept of stewardship
evolved, of holding assets for others' future benefit, being
accountable and trustworthy in the interests of protecting those who
had difficulty providing for themselves, upholding a higher law than
self-focus, opening one's heart to those in need. Philanthropy has
the ability to transform individuals, families, communities and
nations by providing hope, support and practical answers paid for by
entrusted funds.
The list is almost endless. You can add your vision and success to it.
The IRS says that last year $300 billion was given to charities by private foundations. With fewer than 100,000 private foundations, 1 family in 1000 used this financial tool to contribute an average of $3000 to charitable purposes and the other 999 families paid taxes and/or made small or zero contributions. Which group would you prefer to be in?
Every year, approximately $3.1 billion is available in grant monies, from public and private and corporate sources.....and is not given away. Why? One reason is that no one applies to the givers properly with a supportable purpose combined with a legal structure. Identify your passion and focus, write it down, then birth its status as a 501(c)(3) private foundation entity, and those monies can be available to your foundation to help you fulfill your vision. This concept is perfect for those who cannot sufficiently self-fund their foundation's purpose and activities.
Private Charitable Family Foundations' FAQs
Q: How does a
private charitable foundation lower my personal tax liability?
Q: Does my
foundation have a required annual payout instead of paying taxes?
Q: What taxes is
my foundation exempt from?
Q: You mean that
it pays no capital gains on real estate or investments? Ever?
Q: How does my
foundation get funded?
Q: Can anyone do
this?
Q: How
complicated is it to manage?
Q: Why is there
a Workshop?
Q: Where are
Workshops held?
Q: Who has
control and makes the decisions for the foundation?
Q: How do
additional Trustees get added to the Board?
Q: What about
probate? Is it a concern for a foundation?
Q: Can I involve
my children or grandchildren?
Q: Can this
serve as an estate plan?
Q:
What is meant by my foundation being
an "exit strategy"?
Q: Are there two
tax systems?
Q: Have people
used this tool to create a new career?
Q: Can I receive
a salary or other benefits?
Q: How do I know
this is real?
Your Foundation Comes with Many Benefits In the Workshop, you will:
We empower
individuals and families to act on their vision and passion,
Live your dream and leave a legacy
To Contact an expert right now for more information to get started on these programs, please click on one of these links:
To read more information on other pages on the website, please continue to visit by clicking these areas here: Please be aware that the information provided on this website is for information purposes only.
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Bill of RightsAmendment 1Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the government for a redress of grievances.
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Experience
the most effective and cost-efficient education program
available for the establishment of a Private Foundation.
Queen
Victoria
