Family Foundations Not Difficult To Establish

Slowik, Elizabeth
April 2007
Grand Rapids Business Journal;4/9/2007, Vol. 25 Issue 15, pB2
The article focuses on the advantages of establishing a family foundation in the U.S. Private foundation offers the highest degree of flexibility and control to the donor according to Nancy Sabolish, a certified financial planner at Beene Garter. It notes that deductions for cash donations to a private foundation are limited to 30 percent of adjusted gross income. It details the self-dealing restrictions imposed on foundations.


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