Starting a Foundation
Should you consider starting a private foundation? You should, if you meet one or more of the following criteria:
- You want to leave a lasting imprint on society or you wish to perpetuate a certain viewpoint or philosophy.
- You are searching for a form of giving that can unite family members around a purposeful mission.
- Your annual giving is significant and you would like to be more strategic about the causes you support and how you support them.
- You would like to create a protective buffer between you and those asking for your financial support.
- You have or anticipate having significant assets, which you can use to launch and/or endow a private foundation.
- Your giving has become complex and unwieldy, and you need administrative support.
- You feel a responsibility or a desire to be leader in your community.
- You would like to avail yourself of the considerable tax advantages.
You should also consider starting a private foundation because it's engaging, exciting, and fun. Giving to and through a private foundation can give your wealth meaning, enlisting you and those you love as stewards in the betterment of society.
Visit the Council on Foundations to learn more. And after you start your foundation, get back in touch with us: We'll connect you with your fellow grantmakers in the region and help you make your giving as effective as it can be. We'll be waiting for you!