It is not unusual for families with private foundations to establish individual donor-advised funds for each family member. There are a variety of reasons for doing so:
- To give individual family members autonomy in deciding which charities to support, how to invest the assets, and whom to name as additional participants on the fund.
- To streamline administration by recommending grants online.
- To have more privacy and confidentiality than is possible with a private foundation.
To learn more, download the benefits of using a donor-advised fund alongside a private foundation.