Supporting Foundations
This separate, non-profit entity may be more suitable when substantial sums are involved. A Supporting Foundation is a unique form of giving and is perfectly tailored for the family wishing to make grants to a variety of organizations.

While a Supporting Foundation has many of the advantages of a private foundation - such as your personal involvement in grant making and a specially tailored investment strategy - it qualifies as a public charity (with all the attendant tax benefits). Because your Supporting Foundation is linked to TJF, succeeding generations of your family will be involved in philanthropy with the leaders of the Jewish community.
________________________________________
Transfer of Family Foundations to Supporting Foundations
Many people find it advantageous to terminate private foundations by distributing their assets to a fund that may be maintained as a part of the Tidewater Jewish Foundation or establishing a supporting foundation, which will result in significant tax benefits.