A good many folks would like to leave money to the common good when they retire or after they have completed their life experience. Some folks would like to set up private foundations because they would like to give back to the world that has given them so much. This is quite a noble thing, and it is extremely popular in the United States. Today, there are nearly 76,000 private foundations in the US and that number grows each and every year.
If you are a financial investment advisor for the wealthy, or if you'd like to set up your own private foundation, there is a very good book that I think you should read. It is quite comprehensive, and one that I think might very much help you accomplish this goal. The name of the book is;
"Private Foundations: Tax Law and Compliance, Third Edition" by Bruce R. Hopkins and Jodie Blazek, published by John Wiley and Sons Inc., New York, New York, 2008, (768 pp).
Private foundations do not just give away money, but they give away well-placed money, and they are able to influence our society by a large degree, so whereas, some people think it's all about money and gifting, it's more than that. And the authors go out of their way to explain this in the first two chapters. Hopkins and Blazek also explain the soul searching that must be done prior to a family making the decision to set up a foundation.
If you are a financial investment advisor for the wealthy, or if you'd like to set up your own private foundation, there is a very good book that I think you should read. It is quite comprehensive, and one that I think might very much help you accomplish this goal. The name of the book is;
"Private Foundations: Tax Law and Compliance, Third Edition" by Bruce R. Hopkins and Jodie Blazek, published by John Wiley and Sons Inc., New York, New York, 2008, (768 pp).
Private foundations do not just give away money, but they give away well-placed money, and they are able to influence our society by a large degree, so whereas, some people think it's all about money and gifting, it's more than that. And the authors go out of their way to explain this in the first two chapters. Hopkins and Blazek also explain the soul searching that must be done prior to a family making the decision to set up a foundation.
