MARK KOHLERMain Street Professionals, Main Street Professionals, Main Street Professionals, Main Street Professionals, Main Street Professionals, LLC · Owner at Main Street Professionals, LLC

The IRS Watches This—But Yes, It’s 100% Legal

5 Dec 2025 · 0 min

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In this short segment, Mark Kohler explains that individuals can designate a private foundation or charitable organization as the beneficiary of their estate after death. He emphasizes that this strategy is fully legal, but the IRS closely monitors such arrangements to ensure compliance. Kohler discourages frivolous or self‑servicing charities (e.g., buying Maseratis) and encourages genuine charitable purposes, offering concrete examples like providing tennis shoes to children in the Navajo Nation or building an orphanage in Costa Rica. He concludes with a supportive call‑to‑action, urging viewers to consider setting up a legitimate private foundation for philanthropic impact.

Once you die, can the charity you give it to be a family foundation? Charity? Yes, you can set up your own charity to receive the money when you die. And it's going to be legit. No one gets Maseratis and trips to Italy to manage the charity. Trust me, the IRS is all over that one. But if you want to set up your own charity, private foundation, and the money goes in there to help put tennis shoes on kids in the Navajo Nation or build orphanage in Costa Rica, go for it. Do it. It's great.