Conclusion

If prepared properly, a private charitable foundation can be an effective technique for those clients wishing to engage in on-going structured charitable causes with generations of family members and other individuals while continuing to maintain control over the foundation. A private charitable foundation should be seamlessly integrated into a client’s estate plan while avoiding or minimizing any of the aforementioned excise taxes, so it is critical that the client meets with an estate planning professional familiar with the intricacies of creating and operating such entities. We welcome the opportunity to discuss the benefits of creating a private charitable foundation with you. Please contact any of our estate planning attorneys for assistance.