Wealth Management & Private

Foundations
5 Key Points to Consider Before
Setting Up a Foundation

By Thomas Quinlin
Are you thinking about setting up a
private foundation?
It can be a wise decision
- if it is done correctly,
& for the right reasons
 5
key points you
should consider
There are before taking the
big step
  
1. What is
important to you?
 First, you should identify what is
really important in your life…
…After all, the foundation you create
should be a good fit for your goals,
your dreams, & your vision
Essentially, your foundation will allow
you to take…

…an industry, a hobby, or any activity

that is of interest to you and turn it
into a tax deductible activity
2. What exactly is a
foundation?

 
 A foundation is a non-
profit entity, typically a
corporation or a trust…

If it is a trust, the foundation will have

trustees; if it is a corporation, it will
have directors & officers
In either case, there will be quite a bit
of bureaucracy, so you should be
aware of that before taking this step
…and this entity will provide financial support
for charitable activities and/or organizations
3. What are the benefits of
setting up a foundation?

 
 
A private foundation has
many benefits…
 Among them are tax benefits:
Contributions to the foundation are
generally tax deductible
…and the foundation can pay for
legitimate expenses related to the
purpose of the foundation
…so that activities you enjoy anyway
become tax free
 You will also have a great deal of
control over how the funds are spent…
…so you can be more actively involved
in how your money is spent to make
the world a better place
  

4. How will it work?

 By transferring assets to a Private
Foundation…

…you can create an endowment that

will generate an income stream to
support your interests, now & far
into the future 
You can create a foundation that
engages in…
…charitably oriented activities itself,
or one that supports other charities
 But either way,
your foundation
can contribute a
great deal of good
to the world…

…and even bring your family closer

together to do it
5. Why it might
be right for you

 
 
 Successful people usually
have many different interests
By creating a private foundation…
…you provide financial support for your
personal interests and contribute to the good
of society at the same time.

It's a win-win all around

Private foundations can help you pay
for pursuing your interests and save
taxes, while making a real difference
in the world
Claim your free chapter of the ultimate guide to
using private foundations for wealth
management at:
http://PrivateFoundationCenter.com
 And for more information…
Contact the author,
International Wealth Management Advisor
Thomas Quinlin at:
http://LifestyleDesignGroupIntl.com