Your client’s private foundation can establish a fund at The Trust, taking advantage of our expertise and our vast network of effective nonprofits.
Or consider other options: Your client can dissolve the foundation—and avoid the record-keeping the IRS requires, along with possible disagreements among heirs or board members in the future. We can carry out your client’s wishes with lower costs and fewer hassles than a private foundation.
The top three reasons people decide to terminate private foundations into funds at The New York Community Trust:
For more on this topic read our Professional Notes articles: Terminating a Private Foundation or Changing a Private Foundation’s Status