The Privileged Foundation Account

Americans donate over $200 billion dollars to charity every year but lack a reasonable and efficient method to set up and administer private foundations. To remedy this, Samuel A. Ramirez & Co can offer The Privileged Foundation Account to provide a turnkey solution to establish and maintain a vehicle for charitable giving. All administrative details are handled for you, thus reducing the potential for high attorney fees. You get all the tax benefits while establishing a philanthropic legacy. Some of the benefits for founding a private charitable foundation are:

• An immediate tax deduction, even if the foundation does not make charitable grants until a later date.
• Great latitude in the types of assets that can be contributed to the private foundation.
• Removal of taxable assets from the estate and avoidance of capital gains taxes on assets that have appreciated greatly in value.
• Total control over the management and distribution of foundation assets.
• A legacy of giving that perpetuates the family name and supports charitable activities into the future.
• Involvement of family members in charitable and other philanthropic activities.

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