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-   -   How do you set up a foundation? Like all the rich people do. (https://www.askmehelpdesk.com/showthread.php?t=103210)

  • Jun 21, 2007, 01:00 PM
    mamaisis
    How do you set up a foundation? Like all the rich people do.
    I want to know how to begin a foundation to transfer assets to , don't you first need a non-profit organization to fundraise, or that is somehow connected? Can you then set up a trust fund from there? Any lawyers in tha house? :rolleyes:
  • Jun 21, 2007, 02:51 PM
    ebaines
    For individuals with modest estates, perhaps the easiest way to do this is to set up a donor-advised charitable fund at an investment house like Fidelity, Schwab, etc. See for example: You can be your own charitable foundation - MSN Money

    You can also set up a private foundation through several brokerage houses. See for example: https://www.fidelityprivatefoundatio...etstarted.html

    There is no rule that a foundation must fund raise. Hope this helps.

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