Family Foundation

A Family Foundation is a private foundation established and controlled by a small group of individuals, often members of a family. A private foundation does require resources and staff to run. Provided the private foundation is established and run properly, it qualifies for tax benefits similar to those enjoyed by public charities.

Private foundations are often used by financially blessed Christians who desire to be more involved in charitable activities than would be possible if they just contributed directly to a public charity. Creating a private foundation can also give a donor a blessed opportunity to pass on a Christian legacy to their surviving family.

Excerpts from Finish Faithful: How to Create a Lasting Christian Legacy for your Family by Mark Henry, JD