How to Start a Private Foundation

Private foundations, if operated correctly, can provide significant benefits to individuals, families, and companies. Private foundations also provide tax benefits to taxpayers and enable them to build a long-lasting tradition of charitable giving.

This primer offers an overview of private foundations and can help you:

  • Educate yourself about various charitable vehicles.
  • Determine the type of private foundation.
  • Structure the foundation.
  • Establish your foundation with the state.
  • Obtain an Employer Identification Number.
  • Apply for tax-exempt status with Federal and State governments.
  • Operate the private foundation in accordance with the law.

Whatever your situation, this primer offers valuable information about advantages and disadvantages of starting a private foundation and when to seek legal and professional assistance during the process.

20 pages