Transferring a Private Foundation


October 14, 2020

If your client has a private foundation, they may be interested in learning the benefits of transferring it to a fund at The Denver Foundation. Some people become overwhelmed with the management and fees associated with their foundation.They need a simpler solution.

Two effective approaches to consider are setting up a donor-advised fund or becoming a supporting organization. Each allows your client to remain involved in grantmaking, if that is their desire. At the same time, they will be able to ensure that their intent, name, and pattern of charitable giving are maintained — in perpetuity, if they wish.