private foundations

_{This article originally appeared in Wealth Management, May 29, 2019.}

By Ken Nopar

By Ken Nopar

In recent months and years, there have been many articles about the rapid growth of donor advised funds, or DAFs, in both the mainstream press and publications for professional advisors. Especially since the passage of the new tax law at the end of 2017, advisors have encouraged their clients to “bunch” their charitable donations into DAF accounts.

By Kirk Hoopingarner, Attorney & Partner, Quarles & Brady, Chicago

For many years, donors have utilized private grant making foundations for charitable giving.  Organized as either trusts or corporations, such entities have served as a means for making substantial tax deductible contributions while spreading out the actual contributions to charities over many years.

by Gavin Morrissey, JD, LLM, AIF®
Guest Columnist