New resource for families considering private foundation
Sometimes the management of a family or private foundation can become burdensome. At the Catholic Foundation, we are here to help. We can provide our distribution, reporting, or grant-making services via a grant from your private foundation that establishes a philanthropic fund at the Catholic Foundation, or via a conversion of your private foundation into a fund or support organization of the Catholic Foundation.
Working with the Catholic Foundation often affords greater tax advantages and distribution flexibility and relieves you of the costly and time-consuming record-keeping and reporting responsibilities. The Catholic Foundation can offer personalized services for your family to help discern where God is calling you to share your gifts. You will be part of a larger faith community that sits at the center of Catholic philanthropy in southeast Michigan.
We’ve recently created a resource to help you think through the factors related to establishing or converting a family foundation or a family fund. Take a look today, and then be in touch!