Funding a Private Foundation
Multiple assets and securities can be contributed to establish
your Private Foundation. Once your foundation is established,
it is ready to be funded. Contributions can be made at one
time or added to at any time in the future, including as a
bequest at death.
You may use any of the following to fund your foundation:
Cash can be wired, transferred from an existing account or
deposited with a check made out to the foundation.
Publicly Traded Stocks, Bonds and Mutual Funds
Publicly traded stocks, bond and mutual funds can be transferred
from their existing account at another financial institution
or fund family.
Restricted, Closely Held or Non-Publicly Traded Securities
If the contribution involves restricted stock or other non-publicly
traded securities, please contact us toll free at 800-535-4720
for assistance. We will work with the administrator to have
them review your holdings. We will then advise you regarding
the ability to accept the security.
Real estate contributed to a Private foundation needs to be
reviewed to make sure that it does not create any unforeseen
situations down the road. For example, a gas station property
with ground contamination. Please contact us toll free at
800-535-4720, so that we can help you review your real estate
to make sure that it is an acceptable asset to donate.
Private Foundations can be named as the beneficiary of, and
receive distributions from, a charitable bequest, a charitable
remainder trust, a charitable lead trust, and qualified retirement
plan. Simply name the private foundation as the beneficiary
of your asset.
Art Work, Antiques and Collectable's
These assets require a qualified appraisal to determine the
fair market value of the asset to determine the tax deduction
amount allowable. Please contact us toll free at 800-535-4720,
so we can help you review the asset for contribution.
Tactical Wealth Advisors, LLP
Investment advisory services are provided through Tactical
Wealth Advisors, LLP a Registered Investment Advisor. The
information contained on this site is for educational purposes
only, it is not intended to be professional tax or legal advise;
consult a tax advisor about your specific situation.