Private v Public Foundations
Wednesday, June 20th, 2007
Our family has owned a private (“family”) foundation for about eight years. We use it as a kind of detention pond* for funds we want to give away.
Our attorney sent me some information today about the differences between private foundations such as the two we set up — one, a “family” foundation; the other, a “corporate” foundation (sponsored by the company we own) — and public foundations, especially foundations that offer Donor-Advised Funds (DAFs).
The following comparison chart is slightly modified from one put together by a cause-oriented foundation (COF) whose brochure our attorney gave us. Read the rest of this entry »
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