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Supporting Foundations

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.

How a Supporting Foundation Works

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.

Donor Benefits

  • Continue in perpetuity, allowing family members to work together towards defined goals and philanthropic objectives.
  • Provides more favorable tax benefits than private foundations.
  • Not subject to excise taxes on investment income.
  • Establishes a board of directors with your representation.
  • No annual minimum distributions required.
  • Support by The Associated's professional staff may assist with drafting mission statements and researching charities, creating a philanthropic focus, evaluating proposals, as well as administrative, legal and financial responsibilities.

Contact us

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.


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