Private foundations, if operated correctly, can provide significant benefits to individuals, families, and companies. Private foundations also provide tax benefits to taxpayers and enable them to build a long-lasting tradition of charitable giving.

This primer offers an overview of private foundations and can help you:

• Educate yourself about various charitable vehicles.
• Determine the type of private foundation.
• Structure the foundation.
• Establish your foundation with the state.
• Obtain an Employer Identification Number.
• Apply for tax-exempt status with Federal and State governments.
• Operate the private foundation in accordance with the law.

Whatever your situation, this primer offers valuable information about advantages and disadvantages of starting a private foundation and when to seek legal and professional assistance during the process.

20 pages

Digital version available here.