9 Benefits Of Establishing A Family Foundation

 Published On Apr 22, 2023

In this video, Toby Mathis, Esq. and Karim Hanafy, Esq. will go over nine benefits of establishing a family foundation and the various tax benefits.

Karim is a nonprofit attorney with over 20 years of experience forming nonprofit organizations, obtaining 501(c)(3) tax-exempt status, advising with ongoing compliance, and assisting with annual tax reporting. Karim previously worked in the Tax Exempt Division at the IRS, and he uses his IRS experience to advise nonprofit organizations on the application process and ongoing compliance.

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“Karim and his team right now are by far getting the best results of anybody I’ve ever seen.” 37:02

If you're interested in establishing a family foundation, then this video is for you!

A family foundation can provide many benefits for your family, your community, and the world around us.

These benefits include creating a lasting legacy, gaining access to unique resources, building relationships with key personnel, and more.

In this video, we'll explore the nine benefits of establishing a family foundation and show you how you can get started today!

Remember to like, comment, and subscribe to the channel for more great content along with guests. If you have any questions or comments about this video, feel free to leave them below.

Show Notes:
0:00 Intro
0:30 Guest Introduction
2:55 Family Foundation
6:40 #1 Taxable Income
9:30 #2 Avoid Capital Gains
10:55 #3 Tax Benefits
12:38 #4 Investing
14:50 #5 Board Members
17:03 #6 Charitable Activities
23:03 #7 Retirement Work
25:38 #8 Compensation Plan
27:36 #9 Estate Taxes
30:16 Next Steps
41:17 Outro
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ABOUT TOBY MATHIS
Toby Mathis, Esq. is the best-selling author of Infinity Investing: How the Rich Get Richer And How You Can Do The Same. Toby is a tax attorney and founded Anderson Business Advisors, one of the most successful law, tax, and estate planning companies in the United States. Learn more at https://aba.link/tobyaba
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The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.

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