Private foundations are independent legal entities set up for solely charitable purposes. Unlike a public charity, which relies on public fundraising to support its activities, the funding for a private foundation typically comes from a single individual, a family, or a corporation. Private foundations typically make grants to public charities, and receive tax deductions in recognition of their donations. Private foundations may be governed solely by the donor, or by a board consisting of family and friends of the donor.
The investment picture is a little different for these entities than for the general public, but McRae Capital Management has more than 35 years of experience working with private foundations. Here are some of our relevant areas of expertise:
If you are working with a private foundation and would like to hear more about how McRae Capital can help, please don’t hesitate to give us a call.
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