Wealth Management and Private Foundations - 5 Key Tips

1,741 views

Published on

Are you thinking about setting up a private foundation? It can be a wise decision - if it is done correctly, and for the right reasons. There are 5 key points you should consider before taking the big step.

Private foundations can help you pay for pursuing your interests and save taxes, while making a real difference in the world. Claim your free chapter of the ultimate guide to using private foundations for wealth management at: http://PrivateFoundationCenter.com
And for more information, contact the author, International Wealth Management Advisor Thomas Quinlin at: http://LifestyleDesignGroupIntl.com

Published in: Economy & Finance
0 Comments
3 Likes
Statistics
Notes
  • Be the first to comment

No Downloads
Views
Total views
1,741
On SlideShare
0
From Embeds
0
Number of Embeds
99
Actions
Shares
0
Downloads
0
Comments
0
Likes
3
Embeds 0
No embeds

No notes for slide
  • http://www.flickr.com/photos/helga/3952984450/sizes/z/in/photostream/
  • Wealth Management and Private Foundations - 5 Key Tips

    1. 1. By Thomas Quinlin Wealth Management & Private Foundations 5 Key Points to Consider Before Setting Up a Foundation
    2. 2. Are you thinking about setting up a private foundation? It can be a wise decision - if it is done correctly, & for the right reasons
    3. 3. There are <ul><li>5 </li></ul>key points you should consider before taking the big step
    4. 4. 1. What is important to you?  
    5. 5. First, you should identify what is really important in your life… <ul><li>… After all, the foundation you create should be a good fit for your goals, your dreams, & your vision </li></ul>
    6. 6. <ul><li>… an industry, a hobby, or any activity that is of interest to you and turn it into a tax deductible activity </li></ul>Essentially, your foundation will allow you to take…
    7. 7. 2. What exactly is a foundation?  
    8. 8. A foundation is a non-profit entity, typically a corporation or a trust… <ul><li>If it is a trust, the foundation will have trustees; if it is a corporation, it will have directors & officers </li></ul>
    9. 9. In either case, there will be quite a bit of bureaucracy, so you should be aware of that before taking this step <ul><li>… and this entity will provide financial support for charitable activities and/or organizations </li></ul>
    10. 10.     3. What are the benefits of setting up a foundation?
    11. 11. A private foundation has many benefits…
    12. 12. Among them are tax benefits: <ul><li>Contributions to the foundation are generally tax deductible </li></ul><ul><li>… and the foundation can pay for legitimate expenses related to the purpose of the foundation </li></ul><ul><li>… so that activities you enjoy anyway become tax free </li></ul>
    13. 13. You will also have a great deal of control over how the funds are spent… … so you can be more actively involved in how your money is spent to make the world a better place
    14. 14. 4. How will it work?  
    15. 15. By transferring assets to a Private Foundation… … you can create an endowment that will generate an income stream to support your interests, now & far into the future 
    16. 16. You can create a foundation that engages in… … charitably oriented activities itself, or one that supports other charities
    17. 17. But either way, your foundation can contribute a great deal of good to the world… … and even bring your family closer together to do it
    18. 18. 5. Why it might be right for you    
    19. 19. Successful people usually have many different interests
    20. 20. By creating a private foundation… It's a win-win all around … you provide financial support for your personal interests and contribute to the good of society at the same time.
    21. 21. Private foundations can help you pay for pursuing your interests and save taxes, while making a real difference in the world <ul><li>Claim your free chapter of the ultimate guide to using private foundations for wealth management at: http://PrivateFoundationCenter.com </li></ul>
    22. 22. And for more information… <ul><li>Contact the author, </li></ul><ul><li>International Wealth Management Advisor Thomas Quinlin at: http://LifestyleDesignGroupIntl.com </li></ul>

    ×