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What Are The Initial Questions I Need To Consider When Deciding If I Should Form A Private Foundation

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  1. If one is charitably inclined, there are many forms in which those charitable desires can be pursued.  A private foundation is an entity formed by the donor to receive a charitable gift.  It can be formed as a corporation or as a charitable trust.  Which entity makes the most sense?
  2. A private foundation can be organized as a private foundation or private “operating” foundation.  A private foundation must distribute 5% of the value of its assets each year to other charities.  A private operating foundation differs in that it undertakes activities to accomplish its purpose and doesn’t just give money to other charities, but is governed by other complex rules regarding the required use of its assets for charitable purposes.  Which structure serves the donor’s purposes?

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