10 Things Your Didn't Know You Could Do With A Private Foundation

10 Things Your Didn't Know You Could Do With A Private Foundation

Wealth Specialist John Duncan shares, in plain language, ten things you can do when you own a private foundation.

The ten things covered in video are as follows:

1. Make grants to individuals
2. Direct charitable activities (from the foundation itself)
3. Provide program related investment loans (PRI Loans)
4. Give program related loan guarantees
5. Make program related equity investments
6. Donate internationally
7. Give awards and prizes to spur progress
8. Pay programmatic expenses
9.Undertake impact investments
10. Make set asides (for ambitious future projects)

Forming a private foundation used to be reserved to wealthy families with asset levels above $100 Million and typically above a billion. Now they can be an option for those who like the tax advantages and control of a foundation but are not yet on the Forbes list. When protecting assets for wealthy family topic comes up, creating a private foundation should be part of the planning process. Foundation tax benefits are compelling and must be part of the discussion around the pros and cons of private foundation.

When it comes to protecting assets for wealthy families, private foundations are often superior to the other alternatives because the donor retains control over the assets. With donor advised funds and charities, once the money is pledged, essentially the donor has lost control of the asset AND where funds are directed.

John Duncan provides strategic and innovative financial advice to wealthy families by sharing tax efficient investment ideas and risk management strategies.

His financial education videos focus on tax advice for wealthy families, protecting assets for wealthy families, investment advice for wealthy families, and life insurance for wealthy families.

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[leslielandberg]

Thanks this is brilliant. Watched at 1.50 speed.

[billdenlinger]

How much $ can you put in family foundation and is it one and done or can you keep adding to it ?

[baddbunny]

Would definitely love to learn more about how to set one of these up I even emailed you

[bennygthenaturelover.]

Thank you John for the information, I would like to inquire something about foundation with you, can I please communicate with you privately please, thank you.

[timecrook]

Foundation are the purest SPV's. Pinnacle for Associations' in the true format

[treehousejuicery]

Hi John, I'm Todd, co-owner of Treehouse Juicery. We want to start a foundation to assist the communities in Baltimore with work-study programs, employment, and health awareness programs. What would be the next step in creating a foundation? Happy to chat.

[goodlikemedicine]

Can an individual set up a private foundation

[goodlikemedicine]

I want to set up a foundation that can give funds internationally and receive donations

[myobmyob]

Can PF be gifted properties from others? Are they legal entities that can hold, own, trade or sell properties? Thanks

[sonnyh]

You remind me a little of Gus Malzahn ... no offense. I'm an Auburn fan, a Gus fan, and a fan of most who thinks outside of the box

[peterg]

Your links are not working. Are you still in business? If so, please provide link or email contact info. Tx.