What are the tax benefits of a private foundation?

Video Transcription:

There’s really two tax benefits. One, if I … When I fund the Foundation, I’m going to get a charitable deduction for that. In fact, that’s been made more generous than the last tax act. So there’s an income tax benefit many times. Also, when I pass away, those assets are not going to be included in my estate and are not going to be subject to estate tax.