HOW MAY MY FOUNDATION ASSETS BE USED?

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It can only be used for charitable purposes, so in most cases, most of medium size or smaller private foundations, their assets really are an investment portfolio, and then the income off of that can be used, or some of the principal, too, could be used for charitable grants to public charities. Some foundations might have actual tangible assets. My foundation could own a school building and provide education to indigent children. There can be actual assets that are devoted to the charitable purpose, but most private foundations, the only asset is an investment portfolio. Have more questions? Then contact us today to schedule a free consultation! Doane & Doane. Top rated Tax & Estate Planning Attorneys