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Endowments and Foundations

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Benefits of a Private Foundation

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Russell Managed Portfolios

Benefits of a Private Foundation

Creating a private foundation or an endowment allows you to create a legacy within your community, while fulfilling your charitable intentions. The structure of a private foundation allows you to decide the amount of your grant, when you will distribute the grant and which charities will benefit. With Northwestern Mutual Wealth Management Company® as trustee, you gain access to professional money management and tax preparation.

Northwestern Mutual Wealth Management Company® possesses the specialized management skills required to handle the unique investment needs of private or public charitable foundations and endowments, including:

  • Trusteeship or investment management.
  • Sophisticated performance reporting.
  • Special tax reporting.
  • Trust accounting.

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