Starting a Private Foundation

By: Paul K. Rhoads and Stephanie Denby
Published: Jan 1999
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This publication provides guidance to individuals who are thinking of setting up a private foundation, or those seeking to reevaluate and amend an existing one. The authors emphasize the need for donors to make sure their goals and visions are reflected throughout their foundations’ governing instruments, including: mechanisms to select, appoint, and remove board members; an indemnification provision; and a provision granting standing to outsiders.