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Philanthropy

Philanthropy

Investor Services Private Family Foundations

Private Family Foundations

Private family foundations are legal entities established and funded by individuals to aid educational, religious or other charitable causes. They give donors and their families the maximum ability to control their charitable investments and grant making.

Benefits of Private Family Foundations

  • Potential income, gift and estate tax savings.
  • Create a legacy of charitable giving that carries on your family's name and values.
  • Involve family members in investment management and grant-making decisions.
  • Maintain control over how assets are managed and given away.

Establishing a Private Family Foundation

Private family foundations are governed by a variety of federal laws and regulations. These rules must be carefully followed in order to maintain a foundation's tax status and its ability to help charities. Services include:

  • Investment management of foundation assets, with the ability to select from among multiple investment alternatives and styles.
  • Disbursement of funds to designated charities.
  • Preparation of the foundation's federal and state tax returns.
  • Administration and recordkeeping, including maintenance of account assets and securities data.
  • Dedicated Trust Officer appointed to administer Private Family Foundation accounts.
  • Monthly statements and online access to account information.
  • Continued involvement of your advisor.

Morgan Stanley Smith Barney LLC, its affiliates, and its employees are not in the business of providing tax or legal advice. These materials and any tax-related statements are not intended or written to be used, and cannot be used or relied upon, by any such taxpayer for the purpose of avoiding tax penalties. Tax-related statements, if any, may have been written in connection with the "promotion or marketing" of the transaction(s) or matters(s) addressed by these materials, to the extent allowed by applicable law. Any such taxpayer should seek advice based on the taxpayer's particular circumstances from an independent tax advisor.

For more information, please contact your Financial Advisor.

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