The more you give, the more you receive.
OVERVIEW
- You as Founder can contribute up to 30% of the family income thereby lowering your tax liability
- Your Foundation receives donations of income, investments, assets, collectibles, real estate
- Your Foundation is exempt from federal income tax, capital gains tax, estate and gift taxes
- Some Foundations are exempt from sales taxes on purchases and property taxes in most counties
- Your Foundations gifts 5% annual distribution to charity(ies) of its choice
- Available to anyone… no minimum funding level
- Operated and managed with complete legal control by individual of family
- Can hold investment accounts and the profits grow and assets accumulate tax free
- An exit strategy
- A “tax system for the informed” in place of “The tax system for the uninformed”Eligible for grants
- A grant-obtaining provider on staff (What’s you dream for doing good? But you “never had the time and the money………”)Travel and training workshops with hands-on giving in worldwide locations
- A tax exempt charity in total compliance with IRS Section 501©(3) Exempt Organizations
“To freely give is a virtue…to be compelled to give is a vice”
Other Financial and Personal Benefits
- Absolve concerns regarding estate planning and probate
- Establish a secure and prosperous retirement plan including the essentials of compensation and fringe benefits
- Create your perfect calendar
- Receive, because of your stewardship of the foundation, the necessities of transportation, travel accommodations for grant-making, health care, insurance benefits
- Is a separate legal entity with an EIN number
- It pays a 1% excise tax on net profit (this is part of the 5%)
- Operate it successfully without paid staff (if desired)
- Create fiscal responsibility by directing former tax dollars to charities of choice
- Combine flexibility, control and tax advantages while you self-direct social capital
- Fewer than 60,000 in the United States, 93% with assets less than $1,000,000
- Establish a family-name legacy bringing you closer to children and grandchildren
- Support positive values and choices and build greater meaning to life
- Empower family members and receipts
- Provide a training ground for younger generations to shares values and vision
- Create a powerful way to help your community
- Express your own beliefs and your passion for what is important to you
- Establish an exciting and rewarding lifestyle utilizing your talents, skills and abilities
- Understand stewardship in place of ownership
- Receive maximum fulfillment from being a grant-maker
- Give freely and anonymously, thereby “doing well” by “doing good”
“Live in the world but be not of it.”