Splendid Legacy Online

A Companion Collection to "Splendid Legacy 2: Creating and Re-creating Your Family Foundation"

Funding Your Family Foundation

This section provides additional reading and guidance on the considerations around how best to fund your family foundation.

For a wide variety of additional resources on this topic, search NCFP’s Family Philanthropy Online Knowledge Center. Please note that the National Center for Family Philanthropy cannot be held liable for specific policies or practices that you adopt after reviewing the documents included here.

READ: Getting Started: Vehicle Comparison Chart

This chart provides information on tax deduction limits for gifts of cash and other assets, as well as guidance on control of foundation assets, required payout, privacy, and other issues.

READ: Life Cycle of a Private Foundation: Starting Out

An IRS overview of the trust instrument, corporate charter, articles of association, and other written instruments by which a new private family foundation is created under state law.

READ: Estate Planning as a Family: A Collaborative Approach

This Passages Issue Brief introduces an approach to estate planning designed to help families initiate and carry out an effective discussion around estate planning.

READ: Private Foundations: What You Need to Know

This briefing paper by Erik Dryburgh of Adler & Colvin, LLP provides an overview of reasons and options for creating a private family foundation.