Benefits of a Private Foundation
Reduced Tax Costs
Private Foundations allow a current charitable income tax deduction and possible transfer tax deductions for contributions made to the foundation.
Donor Retains Some Control
The donor retains control over who manages the money in the foundation.
Charitable Impact and Legacy
Private Foundations are excellent planning tools for those donors who are interested in establishing a legacy of giving. Heirs and loved ones can be part of the process of distributing grants to charity, and the fund can last beyond a single lifetime.