Benefits to Establishing a Family Foundation
Overview
Americans are very charitable people; private philanthropy is growing at approximately 29 percent each year. Millions of dollars are given for human and environmental needs, medical research and facilities, as well as scholarships and endowments for education. The private family foundation is an excellent way for a family to take part in the “giving back” of the fortune they are privileged to enjoy. This article provides several reasons philanthropists should consider establishing a private family foundation.