You know what a private foundation is, but what in the world is a supporting organization? How do they relate to each other? And why does it matter?
You're invited to claim your free chapter of the ultimate guide to using private foundations for wealth management at: http://PrivateFoundationCenter.com
The author, International Wealth management Advisor Thomas Quinlin, rides his Harley all over the world, while showing people how to live pre-tax in a post-tax world by turning their interests into a business, a charitable activity, or both. Questions? Contact Thomas at: http://LifestyleDesignGroupIntl.com
1. By Thomas Quinlin Private Foundation Vs Supporting Organization What's the Difference & Which Should You Choose?
2.
3. First of all, the biggest difference is that while private foundations are โฆ โฆ by definition private, supporting organizations are public charities
4.
5.
6.
7.
8.
9.
10.
11. On the other hand, private foundations are โฆ โฆ subject to the more onerous private foundation operating rules under Code Sections 4940 through 4945
21. โฆ including supporting organizations So if you're thinking of setting up a foundation โฆ โฆ you may want to learn more about the various options you have โฆ
![You know what a private foundation is โฆ ,[object Object],โฆ but what in the world is a supporting organization? And why does it matter?](data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7)