Turnkey Family Foundation Program

How does a family foundation
at the American Foundation work?

Setting up a family foundation at the American Foundation is easy! After completion of a one-page application, cash or assets transfer directly into the donor's family foundation at the American Foundation (foundations are established with a minimum deposit of $5,000). Each foundation can carry the namesake of the donor family or any other name the donor chooses.

The funds in the family foundation are then invested. The donor may recommend an investment advisor or firm to handle the investments of his/her family foundation. At least 5% of the annual value of the foundation is distributed each year from income or growth to family-selected charities. Principal will be preserved and protected. Any undistributed income or growth is added to principal, allowing the foundation to grow.

The Benefits of Family Foundation Planning

The satisfaction that comes from helping others is immeasurable.

• Provides great asset protection
• Eliminates estate and gift tax
• Can significantly increase annual tax-favored personal income, through the use of Charitable Remainder Trusts (CRTs)
• Generates income tax deductions
• Eliminates capital gains tax on the sale of appreciated stock and properties · Gives annual support to family-selected charities
• Establishes a "family charitable legacy"
• Can provide increased inheritance to heirs when combined with life insurance placed in what is called a "Wealth Replacement Trust."