HOW DOES A PRIVATE FOUNDATION COMPARE TO A DONOR ADVISED FUND?

Video Transcription:

A private foundation has a lot more flexibility and has some added cost. There’s going to be cost in establishing the foundation. There’s going to be annual cost in the sense that the foundation would need to file its own tax return. So those really are disadvantages. But the advantages, flexibility. You yourself are making investment decisions. You yourself have greater latitude on who you could make gifts to, grants to. Most people are better served with their own private foundation unless it’s a small amount of money. Have more questions? Then contact us today to schedule a free consultation! Doane & Doane – Top rated Tax & Estate Planning Attorneys