Residuary bequests to private foundations are a common form of charitable giving. Typically, a testator's will provides for certain bequests to individuals, and designates a private foundation as a beneficiary of all or a portion of his residuary estate. The advantages of residuary bequests to charity are well-known: The testator's estate is eligible for a charitable deduction, and, if the recipient foundation was created by the testator or a family member during the testator's lifetime or
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