Online Guide to
|Charitable Foundation (n. - definition) - an entity created and funded to contribute to various charitable causes of the entity's own choosing.|
by Retirement Plans Advisor
How should you manage your retirement money in a BEAR Market?
A Charitable (Private Family) Foundation is an entity created and funded to contribute to various charitable causes of its own choosing.
If desired, you can appoint yourself as the trustee of your own Charitable Foundation and maintain control over its assets.
A variety of tax advantages are available to a Charitable Foundation, including the ability to avoid capital gains on appreciated property.
Because of its complexity, a specialist should be used to help set up a Charitable Foundation.
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