WHAT IS THE DIFFERENCE BETWEEN A PRIVATE FOUNDATION AND A PUBLIC CHARITY?

Video Transcription:

A public charity, unlike a private foundation, receives contributions from a wide group of people. A private foundation typically is funded only by the person who established it or his or her immediate family or a small group of people from the private foundation. When the public is funding the entity, it becomes a public charity. Have more questions? Then contact us today to schedule a free consultation! Doane & Doane – Top rated Tax & Estate Planning Attorneys