Advising Business Owners Who Want To Establish a Private FoundationAdvising Business Owners Who Want To Establish a Private Foundation

Business owners know that part of their success is attributed to the communities where they interact and operate. Because of those community ties, many feel both a desire and an obligation to give back. Some may volunteer their time, while others may make significant contributions to local organizations or even offer scholarships to local residents. They may show their appreciation through a single, one-time gesture or decide they would like to establish a longer term philanthropic program. For those business owners who like to give back over time, establishing a private foundation (PF) might make sense. 

A PF offers many benefits that business owners can take advantage of, but there are also restrictions. Business owners who have a PF, f...