Private family foundations have gained popularity as a means for wealthy families to make a positive impact on society while maintaining control over their charitable endeavors. However, like any ...

Federal tax law prohibits nonprofit organizations from providing private inurement and unwarranted private benefit. Failure to comply with these basic rules jeopardizes an organization’s tax-exempt ...

Many individuals and families contemplate establishing a private foundation as a means to give back to their communities or support causes close to their hearts. By utilizing a foundation, they can ...

Financial advisors play a crucial role in helping high-net-worth clients achieve their philanthropic goals through effective charitable planning. Two versatile and effective means of charitable giving ...

Have you ever wondered how the elite continue to reduce taxes, support their favorite causes and keep their wealth intact? It may seem like they're using a secret playbook. But it's all about using ...

Creating a private family foundation offers affluent families a structured way to direct their philanthropic efforts and establish a lasting legacy that aligns with their values. However, this ...

A new study by Foundation Source reveals that charitable giving by private and family foundations grew for the second year in a row in 2021, after answering the call for emergency pandemic relief aid ...

A strong stock market performance in 2021 fueled a rise in giving by private foundations last year, but the rockier year that followed could lead to fewer gifts in the future, according to an annual ...

It’s the latest sign of the OCIO industry’s expansion: More private and community foundations are hiring an outsourced investment office, according to a recent annual report on those institutions by ...

A recent Instagram post by the collector and advisor Ralph DeLuca made me laugh. At the top of the image, big, bold letters declare: “It was sold to a foundation…” Below, a photo shows an art handler ...

CINCINNATI--(BUSINESS WIRE)--Eight private family foundations in The Foundation Office at Fifth Third Bank, National Association, have announced grants of more than $5.2 million in 2021. Grants were ...