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Why a Private Foundation?
Control: You retain complete control over your foundation. This means you decide which charities to support, where foundation assets are invested, and whether to have others share in the management and governance of the foundation.
Flexibility: While many private foundations are set up to support U.S. public charities, you can also choose to make international grants or grants directly to individuals for emergency relief and hardship assistance. A private foundation also enables you to set up scholarships, provide loans and even conduct your own charitable activities within your community.
Legacy: A private foundation can act as a framework in which to transfer philanthropic values to the next generation— helping cultivate family relationships and cementing your family's legacy.
- Are Not insured by the FDIC or any other federal government agency
- Are Not deposits of or guaranteed by a Bank or any Bank Affiliate
- May Lose Value
- City National Bank its affiliates and subsidiaries, as a matter of policy, does not give tax, accounting, regulatory or legal advice. Rules in the areas of law, tax, and accounting are subject to change and open to varying interpretations. You should consult with your other advisors on the tax, accounting and legal implications of actions you may take based on any strategies presented taking into account your own particular circumstances.