Archive: private foundation

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New Private Foundation Tax Rate

The new year has brought us the Setting Every Community Up for Retirement Enhancement Act of 2019, referred to as the SECURE Act, which contains a number of significant changes to IRA and 401(k) retirement plans.    Changes include: Repeal of maximum age at which traditional IRA contributions can be made An increase to age […]
January 16, 2020

Starting a Private Foundation

Private foundations are independent legal entities that are typically funded by individuals, groups, or businesses. A person might want to start a foundation for various reasons: to be philanthropic, to expand their brand, to expand giving opportunities, and to take advantage of tax laws. When creating a private foundation, the first step is to define […]
October 29, 2019