Starting a Foundation for Charitable Giving Might Be a Bad Idea

Paul had someone approach him who was curious if they should set up a foundation for charitable giving. Today, Paul and Chad share why they are slow to recommend setting up a foundation for charitable giving. Foundations can be expensive to set up and come with legal issues, tax scrutiny, and other unforeseen problems. Listen along to hear these advisors talk about the benefits of having a foundation and why Paul has personally avoided this kind of charitable giving for other options. Later in the episode, Paul brings up a story he saw twice this week about $8.8 trillion in money market accounts that some hope will hit the market soon.

 

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