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Transaction NumberVerification Codeine Bones Foundation Matching Gift Program (2022) Donor Instructions: Submit this document to your charity along with your contribution OR send this document to
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Choose a name for your private foundation.
02
Determine the purpose of your private foundation.
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Establish a board of directors for your private foundation.
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File the necessary legal paperwork to officially create your private foundation.
05
Develop a funding plan for your private foundation.
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Create a grant-making process for distributing funds from your private foundation.
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Maintain proper records and report activities to the IRS.

Who needs how a private foundation?

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Individuals or families looking to create a lasting charitable legacy.
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Those interested in supporting specific causes or organizations in a more structured and organized manner.
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Those who want more control over how their charitable funds are utilized.
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A private foundation is a nonprofit organization that typically derives its funding from one primary source, such as an individual, family, or corporation, and makes grants to other charitable organizations.
Private foundations are required to file Form 990-PF with the IRS to report their financial activities.
To fill out Form 990-PF for a private foundation, the organization must provide detailed financial information, including grant amounts, investment income, and expenses.
The purpose of a private foundation is to provide funding and support to charitable organizations and causes.
Information to be reported on Form 990-PF includes details on the foundation's assets, grants, investments, and expenses.
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