The Donor-Advised Foundation
Foundations are legal entities, requiring governance including a board of directors or trustees. At least 5% of the foundation’s assets must be distributed each year. They are subject to certain excise taxes. And an annual filing (Form 990) makes much of the foundation’s information public, such as director or trustee names, grants, operating expenses, etc.
© 2025 Fieldpoint Private. Banking services by Fieldpoint Private Bank & Trust. Member FDIC.
Trust services offered through Fieldpoint Private Trust, LLC, a public trust company chartered in South Dakota by the South Dakota Division of Banking, and an affiliate of Fieldpoint Private Bank & Trust, under common ownership.
Nicholas Bertha
President, Fieldpoint Private Trust, LLC