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.

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Nicholas Bertha
Director of Wealth and Trust Planning, Fieldpoint Private Securities, LLC