ESTABLISH YOUR LEGACY

Create Your Own Family Foundation

In the past, people have established wills that will give money directly to a charity at the time of their death. A better way is to create a family foundation while you are living to get the equivalent of a double or triple tax deduction, and, at the same time establishing a legacy of perpetual family giving.

Not only can you fund your family foundation with cash and securities, but your family foundation can also be designated as the beneficiary of every kind of planned gift or charitable trust permissible under tax law. And most importantly, family foundations at The American Foundation of Utah receive the higher, public charity tax deductions.

Recognizing the meaningful support charitable foundations can provide to our nation's communities, our tax laws offer significant benefits to anyone who contributes to a foundation. And perhaps the greatest benefit is the opportunity you will have to help a vast number of worthwhile charities.

The American Foundation of Utah helps individuals and families create family foundations that give perpetual financial support to their favorite charities. We do not provide tax advice, but we do help educate prospective donors about the tax and financial benefits that provide great incentives for individuals to be philanthropic. In many cases, these plans can actually help donors increase their income while also lowering their taxes. In addition, ancillary planning techniques, readily available with the assistance of other tax and financial professionals,  can help donors transfer more wealth to heirs tax free.

At The American Foundation of Utah, we want people to become personally involved with their family foundation and the charities they support. In fact, we believe the more and longer a donor is involved, the better. Three good things happen when individuals, families, and business leaders become more involved in the charitable process:

• they tend to give more,
• they become better people, and, in most cases,
• the charity or charitable programs they support become more
  effective and successful.

Because of continued donor involvement, those who establish a family foundation account at The American Foundation of Utah acquire what we call "Charitable Ownership."

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