Private Foundations

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Private Foundation Lawyers in Reston, VA

Charitable Planning & Private Foundations

You may want to establish a charitable family foundation in your name or your family’s name during your lifetime or at your death. This type of charitable organization, also known as a private foundation, would be dedicated to funding certain specified or unspecified charitable organizations, or accomplishing certain charitable purposes.

While this type of organization is subject to significant regulation and restrictions (e.g., self-dealing between the foundation and its founder, foundation managers or their families is expressly prohibited and would subject the foundation and the foundation managers to onerous penalty taxes), it may accomplish your estate planning goals.


To arrange a consultation with an estate planning attorney, call us at (571) 410-3500. We have extensive experience in these matters and can advise you on the best path forward.


 

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