We Setup Family Foundations, It's all we do!
We’ll get your family foundation setup fast and for one LOW fee.
No yearly or ongoing fees!
No tricks, just friendly advice
Hi there! We’re Tom & Jen,
Founders of SetupAFamilyFoundation
Why Start a Family Foundation?
A Family Foundation is more than just charitable giving—it’s a powerful tool to amplify your impact and ensure your values live on for generations. By establishing a foundation, you create a structured way to support the causes closest to your heart while involving your family in meaningful decision-making. It’s not just about giving; it’s about creating a legacy that reflects your purpose and drives lasting change in the world. At SetupAFamilyFoundation.com, we make the process simple, so you can focus on building something truly extraordinary.
Amazing Tax Advantages
Contributions to your Family Foundation are tax-deductible right away, even if you donate the funds to charities over time.
Family Involvement & Legacy
Engage your loved ones in philanthropy and shared purpose. Ensure your values and generosity continue for generations.
Control & Flexibility
Maintain full oversight of your charitable contributions. Adapt your giving to support a variety of causes over time.
Establishing a family foundation is accessible to many, not just the ultra-wealthy. Consider these insights:
60%
Majority with Modest Assets
Approximately 60% of family foundations hold assets under $1 million, demonstrating that significant wealth isn't a prerequisite for impactful philanthropy.
<$10,000
Flexible Funding Thresholds
Family foundations can be established with varying asset levels, starting from a few thousand dollars to over $1 billion, allowing families of different financial standings to engage in charitable giving
< 5%
Cost Considerations
Operating a family foundation typically incurs annual costs between 2% and 5% of its assets, making it a feasible option for families with diverse financial capacities.
Our Step-by-Step Process
From Dream to Reality in Four Simple Steps
Discovery & Strategy
We start by getting to know you and your family’s unique story, values, and the causes that matter most to you. This is more than just a conversation—it’s an in-depth exploration of your philanthropic vision and long-term goals.
Foundation Setup
We take the complexity out of establishing your Family Foundation by managing every detail of the setup process. From preparing and filing your foundation’s formation documents to obtaining your IRS tax-exempt status, we handle all the paperwork with precision and care.
Compliance Made Easy
Navigating the complex regulations surrounding Family Foundations can be overwhelming, but we make it simple. Our team specializes in understanding IRS rules and ensures your foundation meets all legal and tax compliance requirements from the start.
Launch & Support
Launching your Family Foundation is an exciting milestone, and we’re here to ensure it starts strong and stays on track. We’ll guide you through every aspect of your foundation’s debut, from announcing its mission to engaging your family and community.
What Makes Us Different?
Your Trusted Partner in Philanthropy
At Setup A Family Foundation, we don’t just offer a service—we offer peace of mind. Here’s why families trust us:
Done-For-You
From legal compliance to operational setup, we handle everything.
Expert Partners
We work with highly trusted CPAs and professionals to ensure accuracy.
Legacy-Focused
Our solutions are designed to create lasting, meaningful impact.
Simplified Process
We make foundation setup easy, even if you’re new to philanthropy.
Reputation and Influence
Running a foundation enhances your visibility and reputation in philanthropic circles, opening doors to partnerships and collaborations with other nonprofits, community leaders, and like-minded donors.
Turn Privilege into Purpose: Using a Family Foundation to Raise Grounded, Generous Kids
A Family Foundation is more than a tool for giving back—it’s a powerful way to teach children the value of hard work, empathy, and responsibility.
By involving your kids in the decision-making and operations of the foundation, they learn firsthand about financial stewardship, the importance of helping others, and the impact of thoughtful generosity.
Instead of growing up with a sense of entitlement, they develop a sense of purpose and pride in contributing to meaningful change.
With a Family Foundation, you can instill lasting values and prepare your children to carry forward your legacy with humility and heart
Smart Giving: Maximize Your Impact with Family Foundation Tax Benefits
A Family Foundation doesn’t just help you make a difference—it also offers significant tax advantages that enhance your ability to give. By strategically managing your charitable contributions through a foundation, you can reduce your taxable income, avoid costly capital gains taxes, and gain flexibility in your philanthropic planning.
Three Tax Advantages of a Family Foundation
-
Immediate Tax Deductions
Contributions to your Family Foundation are tax-deductible in the year they are made, even if the funds are distributed to charities over several years. This allows you to reduce your taxable income while planning your giving strategically.
-
Avoid Capital Gains Taxes
Donating appreciated assets, such as stocks or real estate, to your foundation allows you to bypass capital gains taxes on those assets. This means more value is preserved for charitable purposes.
-
Tax-Free Growth of Assets
Funds and assets within the foundation grow tax-free, giving you the ability to build a larger pool of resources to support your philanthropic goals over time.
Ready to Start Your Legacy?
Let’s Build Something Extraordinary Together
Your philanthropic journey begins here. Whether you’re ready to set up your Family Foundation or just exploring your options, we’re here to guide you every step of the way. Contact us today to schedule a consultation and take the first step toward turning your vision into reality.