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A private foundation is an independent legal entity set up for solely charitable purposes. Unlike a public entity, which relies on public fundraising to support its activities, the funding for a private foundation typically comes from a single individual, a family, or a corporation. A private foundation is a very specific and distinct type of charitable foundation. And, because the foundation can be set up with the intent to exist in perpetuity, the charitable giving can continue as long as the foundation exists. In this way, it can become a living family heirloom that’s passed from generation to the next.

Investment Products are:

  • Not Insured by the FDIC or Any Federal Government Agency
  • Not a Deposit or Other Obligation of, or Guaranteed by, the Bank or Any Bank Affiliate
  • Subject to Investment Risks, Including Possible Loss of the Principal Amount Invested