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Private foundations are often used to focus the charitable giving of a wealthy family. Numerous members of the family can gift property to the foundation, which invests the gifts and grows the value of its assets for the continued charitable goals of the foundation. The beneficiaries of a foundation must be charitable organizations. Foundations and endowments may be private or public organizations. |
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Advisory services are offered through Northwestern Mutual Wealth Management CompanyŽ. See the disclosures for complete information. |
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