He's concerned about global population growth. He wants to play a role in promoting world peace. But rather than just fretting about these issues, he and his wife Miriam did something about them. They established a family foundation 10 years ago through a Phoenix charitable umbrella group that directs ongoing financial support to various philanthropic entities. The American Foundation offers a simple program so individuals, families, small corporations and other entities can start foundations.
Donors complete a two-page application, with no notarization or appraisals required.
Accounts can be established at the same bank or brokerage where you hold investments by transferring title. Holiday giving also boosts enthusiasm in November and December. There is a key caveat in that donors must realize their contributions become irrevocable gifts. Yet donors maintain some control over the money because they can recommend changes in the way it's invested and can specify different charities to receive distributions. The American Foundation honors most such requests, Schaub said.