There are over half a million high-net-worth individuals in the United States. Already 5 percent of them have private foundations, and interest in setting up charitable organizations is on the rise-due to the estate and tax-planning advantages offered by foundations and the growing desire of many ...
Founders of private foundations today are often successful entrepreneurs in the for-profit world who want considerable ongoing involvement in the operations of foundations they have established. These individuals need non-technical information to help them understand private foundation law. ...