Setting up Charitable Trusts and Foundations
There are many tax and management implications to establishing charitable trusts and foundations. Some, like Charitable Remainder Trusts, produce current income and a tax deduction for the donor. Others, like charitable lead trusts are useful for reducing eventual estate taxes on a clients heir. Private Foundations come with unique restrictions on investments and the challenge of providing for management after the donor has passed away or withdrawn from management. We work closely with you and your advisors to design and manage the appropriate charitable structures.