In this week’s Wealth Matters column, Paul Sullivan explores a question that many philanthropy-minded people are pondering: should we keep the private foundation going, or switch to a donor-advised fund?
In the wake of the financial crisis and the Internal Revenue Service’s increased scrutiny of private foundations, many wealthy families are reviewing their options. Donor-advised funds provide less control over how the money is invested and given away. But private foundations can be costly to keep running, especially when asset values have taken a turn for the worse.
Have you found yourself in this situation? What helped you make a decision? Please share your thoughts in the comment section below.
In the wake of the financial crisis and the Internal Revenue Service’s increased scrutiny of private foundations, many wealthy families are reviewing their options. Donor-advised funds provide less control over how the money is invested and given away. But private foundations can be costly to keep running, especially when asset values have taken a turn for the worse.
Have you found yourself in this situation? What helped you make a decision? Please share your thoughts in the comment section below.
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→Deciding Between Donor-Advised Funds and Private Foundations
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→https://viewbestworld.blogspot.com/2011/01/deciding-between-donor-advised-funds.html
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