Individuals who have vast wealth often want to do something for their communities, which is usually best accomplished through philanthropic giving to specific charities by way of establishing either a trust fund or a foundation. However, trust funds can be complicated financial instruments with significant legalities associated with the use of assets. Trusts and foundations…

Read More

Donating cash to a private foundation is a great way to provide funds to various causes supported by the foundation. As a donor you receive an income tax deduction for the amount contributed up to 30% of your adjusted gross income. However, giving cash is not the only way to contribute to a private foundation.…

Read More