You know what a private foundation is, but what in the world is a supporting organization? How do they relate to each other? And why does it matter? You're invited to claim your free chapter of the ultimate guide to using private foundations for wealth management at: http://PrivateFoundationCenter.com The author, International Wealth management Advisor Thomas Quinlin, rides his Harley all over the world, while showing people how to live pre-tax in a post-tax world by turning their interests into a business, a charitable activity, or both. Questions? Contact Thomas at: http://LifestyleDesignGroupIntl.com

1. By Thomas Quinlin Private Foundation Vs Supporting Organization What's the Difference & Which Should You Choose?

3. First of all, the biggest difference is that while private foundations are … … by definition private, supporting organizations are public charities

11. On the other hand, private foundations are … … subject to the more onerous private foundation operating rules under Code Sections 4940 through 4945

12. These stringent rules include the following …

13. Rule # 1 A 1% to 2% tax on net investment income

14. Rule # 2 An excise tax if at least 5% or more of the value of the foundation's investment assets are not distributed annually

20. Supporting organizations are not subject to all these limitations …

21. … including supporting organizations So if you're thinking of setting up a foundation … … you may want to learn more about the various options you have …

24. The author, International Wealth management Advisor Thomas Quinlin …

25. Questions? Contact Thomas at: http://LifestyleDesignGroupIntl.com