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A supporting foundation is an independent, nonprofit corporation with its own identity and corporate structure that works together with The Associated. While it qualifies as a public charity with all attendant tax benefits, it has many of the advantages of a private foundation. Establishing a Supporting Foundation at The Associated requires a minimum donation of $1 million.
You may appoint as many directors to the Foundation's Board of Directors as you choose, from your family, circle of friends or trusted colleagues. The Associated also appoints directors, constituting a simple majority as required by law. The Board conducts the Foundation's business, including making investment decisions and charitable distributions.
If you have any questions about establishing a supporting foundation with The Associated, please contact us. We would be happy to assist you and answer your questions.
Small steps to make big impact in Baltimore, Israel and around the world