Philanthropic individuals may desire to establish a charitable vehicle as a component of their estate plan to minimize tax burdens, achieve philanthropic accomplishment, and create a named legacy for their families.

Tovella Dowling counsels high net-worth individuals in various tax and non-tax advantages associated with family foundations and assists in the formation and exemption process.

Family Foundations can serve as a consolidated repository for all charitable giving requests of related individuals, serve as a formal, tangible manifestation of a family’s philanthropic philosophy and involve family members in the management of family wealth management.

Family foundations take a different form, depending upon the objectives of the incorporators, from both a philanthropic motivation and tax perspective.

Our attorneys work with family foundation clients to understand and advise on the unique aspects of their goals and objectives to facilitate a sustainable and long-term solution.