Talk with us:
To assist clients with the management of their private foundation, City National has formed a strategic alliance with Foundation Source® - the nation's largest provider of complete back-office, online and philanthropic advisory services for private foundations.¹
Through this partnership, City National provides asset management and custody services while Foundation Source offers administration and compliance services - from foundation setup and administration to ongoing guidance and strategy.
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.
|Investment and Insurance Products:
• 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