You may have heard about the many benefits of private foundations. And I bet that tax savings rank very high on your list. Yet there is a much more important issue you must consider before making the decision to start your own foundation. And that issue is the key to making it truly rewarding.
Don’t [...]

Journal entries from my travels in Thailand and Tibet In this section: Flying into Khatmandu and visit to a monastery that I’m helping as part of my philanthropic activities. The cool thing is that I get to live my passion and do it all in a tax efficient manner.

Are you thinking about setting up a private foundation? It can be a wise decision – if it is done correctly, and for the right reasons. Read on for 5 key points you should be aware of before taking the big step.
1. What is important to you?
First, you should identify what is really important in [...]