Throughout the history of the United States, certain names ring out with familiarity. They are the names of families who have established America’s greatest Family Foundations. Through the vehicle of the Private Foundation, they have seen their philanthropic vision take shape, and to a great extent, have defined philanthropy. In many ways the Private Foundation has seemed an ideal tool. It allows for involvement in a wide range of charitable ventures, while making it possible for the donor to retain complete control of giving decisions. Yet, while the Private Foundation may have benefits for those with very large assets, it is far from ideal for everyone.

Today there are several options that allow a family to develop a legacy that will pass on traditions and values to their children while making a substantial impact in their own community. These other options are available to families with various financial backgrounds, and are more inclusive than the typical Private Foundation. While rooted in the same broad charitable support and lasting impact as the Private Foundation, these alternatives offer even greater benefits and increased flexibility in a simplified form. These are the alternatives promoted by the Family Legacy Fund.

The Family Legacy Fund helps individuals build family foundations that take the form of donor advised funds, charitable remainder trusts, charitable lead trusts or supporting organizations. Through the creation of these charitable entities, Family Legacy Fund endeavors to create a community of philanthropists from ordinary citizens. This important endeavor entails disabusing people of notions that keep them from creating meaningful legacies. Founders of the Family Legacy Fund firmly believe that philanthropy is not the exclusive privilege of ultra-rich families, such as the Gettys and the Rockefellers; it is an opportunity open to all individuals who wish to make a permanent statement of their values. And when combined with prudent tax-exempt financial planning, philanthropy actually increases a family’s financial security rather than diminishing it.