Read this tip to make your life smarter, better, faster and wiser. LifeTips is the place to go when you need to know about Donations and other Charity topics.
Supporting Organizations operate like private foundations, but with the tax benefits of public charities. A Supporting Organization offers individuals and their families the opportunity to have a unique charitable identity, as well as involvement in the investment and distribution of charitable funds.
For more information on establishing a Supporting Organization, talk with your financial advisor. Also, you can visit the National Philanthropic Trust (www.nptrust.org) for more information.