How to create a private foundation
Starting an organization to pursue your philanthropic passions can add a new level of meaning to your life—as long as you know how to avoid the pitfalls.
"With proper guidance, the structure of a foundation can let individuals and families explore a variety of ideas as they discover causes to champion. A broad mission statement, for example, can give founders latitude to make grants to diverse organizations." ~Worth.com
(Post republished from Worth.com)
Today, in addition to his role as CEO of wellbeing solutions provider Tivity Health, Tramuto oversees his foundation’s human rights, education and healthcare-focused activities—it has distributed more than $7 million in contributions since its launch—as well as leading a second nonprofit he created in 2011 to support global healthcare initiatives, Health eVillages.