Setting Up a Private Foundation - A Legal Book Review A good many people would like to leave money to the general good when they retire or after they have finished their life experience. Some people would like to line up non-public foundations because they wish to give back to the world which has given them so much. This is sort of a noble thing, and it's intensely preferred in the U.S. Today, there are virtually 76,000 personal foundations in the USA and that number grows every year.
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