November 13 presentation by Lee Ann Adams and Eleanor G. LaPorte at the Professional Advisor Seminar sponsored by the Community Foundation of Cleveland and Bradley County.
Family Foundation, Donor Advised Fund or Supporting Organization? How to Choose?
Individuals with significant wealth frequently create family foundations to help organize their philanthropy. Historically, private non-operating foundations have been the vehicle of choice in filling this role. However, a donor advised fund or a supporting organization can effectively function as a family foundation while offering much of the flexibility and appeal of a private family foundation without many of the regulations, requirements, and overhead expenses. This session will explore the benefits and requirements of private foundations, donor advised funds and supporting organizations and how they can be employed to help donors accomplish their charitable objectives.
