Tag - #governance

Private Foundation Governance

Markdale2024-09-26T13:58:04+00:00

Private foundation governance is an important topic for families with multi-generational wealth. This post describes what a private foundation is and how responsibility can be transitioned to next generation family members.

Legal Definitions

Private foundations can issue tax receipts for donations, make gifts to other registered charities, and manage an investment portfolio. Private foundations are also tax exempt, which means they...