Establishing a private foundation is an appealing option for individuals and families seeking high impact, sustainable giving. The process requires that wealth managers, tax planners and lawyers devise the appropriate financial mechanisms and legal structure. At this point, what appears to be the end of the process, is, in reality, only the beginning.
Once a private foundation is structurally established, the opportunity for high-impact, long-term giving can be maximized. Red Letter will help ensure an effective approach by:
- Identifying and articulating focused philanthropic objectives
- Developing grant programs and methodologies
- Researching and identifying potential beneficiary organizations
- Ensuring succession by engaging family and stakeholders in philanthropy
- Developing Board structure and operational policies
- Establishing "due diligence" requirements for recipient organizations
- Providing outsourced Foundation administration options
We seamlessly integrate our services by consulting closely with our clients' legal and financial counsel.
Click here to request a copy of our publication, "Wealth is more than money."
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