Private Foundations and Donor-Advised Funds

▤ Summary

Many advisors recommend a charitable vehicle for their philanthropic clients as part of their overall wealth management strategy. And for many advisors, the default recommendation for high-net-worth individuals and families is often a donor-advised fund (DAF). After all, they’re quick to set up, simple for the client to use, and require minimal ongoing effort to manage. Unfortunately, a private foundation is often dismissed out of hand because advisors may believe that they are inherently expensive, complicated, and time-consuming, both to set up and to manage. Private foundations can be established quickly, with as little as $250,000, and, thanks to the advent of outsourced management firms, are as easy to administer as a DAF but with some potentially important advantages.

▦ Linked Companies

Foundation Source

$10M to $25M