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Private Foundations: Are They Right for You?

Private Foundations: Are They Right for You?


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by Tracie K. Henderson
The purpose of this article is to outline how a family foundation might work for you, from both a tax and a charitable gift perspective. Described below are some of the key considerations in setting up and operating such a foundation, the most significant of which is the ability to accumulate currently deductible contributions over the years to make large gifts to special charities in the future.