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Philanthropic planning is an integral part of wealth management and business planning and strategy.

The sale of a major business asset often represents the culmination of many years of work. The asset might be a family business, an investment in real estate, intellectual property, or significant holdings in a publicly traded company where there will be significant income or capital tax gains taxes resulting from a sale. By creating a private foundation, a seller of any of these assets may avoid or reduce taxes while retaining control over all or a portion of the sale proceeds to be used for future charitable grants or activities.

Foundation Source combines more than two decades of experience in delivering excellence in foundation management services with a proven technology platform and robust advisory capabilities. Foundation Source stands out in the philanthropic sector as a partner who offers expertise across the full range of foundation needs: administration, compliance, technology, and strategy which allows us to offer extraordinary value.

In addition to the tax benefits, setting up a private foundation in the same tax year as an exit transaction can provide the cornerstone for a multigenerational legacy of charitable engagement.