With the season of giving upon us, many of us would like to give some of our money to our favorite charitable organizations as well as receive the added advantage of a tax deduction before the end of the year. The American Foundation's charitable mission is to create new and more effective philanthropy, so it provides great incentives for individuals to be philanthropic. These plans can actually help increase income, lower taxes, and allow the transfer of more family wealth to heirs. The American Foundation offers a simple program so individuals, families, corporations and other entities can start foundations.
Donors complete a two-page application.
New family foundation accounts can be established at the same bank or brokerage firm where the donor already does business. We provide one of the simplest and most flexible programs around. By establishing a foundation, donors receive tax breaks. They can avoid paying capital gains levies on appreciated property and they can also reap income tax deductions for donations. Family foundations set up through the American Foundation become accounts of the Phoenix group and receive the benefit of its public charity status.