Private grant-making foundations typically can provide families with the greatest degree of control over the assets they have contributed to charity. Family members can control the foundation’s board of directors and decide on charitable recipients of the funds.

Supporting organizations are a type of tax-exempt entity that is classified as a “public charity” by the Internal Revenue Code.

Many closely held business owners and entrepreneurs want to make a significant charitable impact with their net worth. However, cash and marketable securities are not always available to fund a charitable giving program.