The Family Foundation Advantage™ can be defined as the creation of a charitable "endowment like" account within The American Foundation of Utah.  The Donor or his/her family retains the ongoing right to  direct the annual income, as grants, to the charities they choose.  This format provides for a charitable account that operates similarly to a private  foundation while receiving the greater tax benefits associated with donations to a public charity. 

This Family Foundation charitable account is more advantageous than a private foundation and this is why we call it the Family Foundation Advantage.

The Tax Advantage. This new and improved format provides greater tax benefits than a private foundation. Our public charity status (which all new component Family Foundations qualify for) gives the maximum maximum available charitable tax deductions (better than private foundations).

The Charitable Legacy Advantage. In addition, when a Family Foundation is established with The American Foundation of Utah, principal is preserved so the Family Foundation will continue to operate indefinitely.  This allows the allows the Family Foundation benefits to be passed to future generations so the name and the wishes of the original donor will be carried forward and continued in perpetuity.

The Paperwork Advantage.  The American Foundation does all the administration for each individual  Family Foundation. This includes all accounting and tax reporting, making annual grants to qualified charities, overseeing, delegating, or implementing the investments, and maintaining compliance with IRS policies.

The Cost Advantage.  There is no cost to establish a Family Foundation with The American Foundation of Utah.  By doing this we hope to encourage anyone that wants to, to become a philanthropist, or take advantage of our Turnkey Family Foundation Program and Family Foundation planning.