CHICAGO ESTATE PLANNING COUNCIL

This presentation will provide a summary of basic considerations in the formation of private foundations, including type of entity and related governance considerations.  It will then discuss various Internal Revenue Code excise tax rules applicable to private foundations and guidelines and rules for private foundation termination.  It will close by comparing such foundations to other charitable giving techniques, such as donor advised funds, charitable remainder trusts, charitable lead trusts, charitable gift annuities and charitable pooled income funds, including the application of private foundation rules to such alternative charitable giving techniques.