{"id":225581,"date":"2023-09-12T11:02:20","date_gmt":"2023-09-12T11:02:20","guid":{"rendered":"https:\/\/www.markperlbergcpa.com\/?p=225581"},"modified":"2023-09-12T11:02:20","modified_gmt":"2023-09-12T11:02:20","slug":"why-the-wealthy-create-private-family-foundations-public-charities","status":"publish","type":"post","link":"https:\/\/prosperlcpa.com\/blog\/2023\/09\/why-the-wealthy-create-private-family-foundations-public-charities\/","title":{"rendered":"Why The Wealthy Create Private Family Foundations &#038; Public Charities"},"content":{"rendered":"<p class=\"p1\"><span class=\"s1\">Private Foundations and Public Charities differ <\/span><span class=\"s2\">of public involvement.<\/span><span class=\"s1\"> <b>Public Charities<\/b> usually receive most of their donations from the general public or government and taxpayers can usually deduct\u00a0<\/span><span class=\"s2\">20% to 60% of their adjusted gross income<\/span><span class=\"s1\">\u00a0for charitable donations. <\/span><b>Private Foundations <\/b>can provide an<span class=\"Apple-converted-space\">\u00a0 <\/span>IMMEDIATE tax deduction of up to 30 percent of adjusted gross income for cash gifts and up to 20 percent of adjusted gross income for long-term appreciated publicly traded assets.<\/p>\n<p class=\"p2\"><b><i>If you would you like to explore this topic further to see if it\u2019s a good fit for you and your business, we welcome you to<\/i><\/b><span class=\"s3\"><b><i> <\/i><\/b><a href=\"https:\/\/calendly.com\/d\/46r-49m-93k\/10-minute-intro-call\" target=\"_blank\" rel=\"noopener\"><span class=\"s4\"><b><i>Begin with a Free Tax Savings Discovery Session Here<\/i><\/b><\/span><\/a><b><i> if they would like to further explore if this is a good fit for them.<\/i><\/b><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Private Foundations and Public Charities differ of public involvement. Public Charities usually receive most of their donations from the general public or government and taxpayers can usually deduct\u00a020% to 60% of their adjusted gross income\u00a0for charitable donations. Private Foundations can provide an\u00a0 IMMEDIATE tax deduction of up to 30 percent of adjusted gross income for cash gifts and up to 20 percent of adjusted gross income for long-term appreciated publicly&#8230; <a class=\"more-link\" href=\"https:\/\/prosperlcpa.com\/blog\/2023\/09\/why-the-wealthy-create-private-family-foundations-public-charities\/\">Read More<a><\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[],"tags":[],"class_list":{"0":"post-225581","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"entry"},"_links":{"self":[{"href":"https:\/\/prosperlcpa.com\/blog\/wp-json\/wp\/v2\/posts\/225581","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prosperlcpa.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prosperlcpa.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prosperlcpa.com\/blog\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/prosperlcpa.com\/blog\/wp-json\/wp\/v2\/comments?post=225581"}],"version-history":[{"count":0,"href":"https:\/\/prosperlcpa.com\/blog\/wp-json\/wp\/v2\/posts\/225581\/revisions"}],"wp:attachment":[{"href":"https:\/\/prosperlcpa.com\/blog\/wp-json\/wp\/v2\/media?parent=225581"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prosperlcpa.com\/blog\/wp-json\/wp\/v2\/categories?post=225581"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prosperlcpa.com\/blog\/wp-json\/wp\/v2\/tags?post=225581"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}