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

What Happens If You Leave Money To Your Own Foundation?

2 Dec 2025 · 0 min

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This content was created by MARK KOHLER. This content was uploaded by MARK KOHLER. This is a YouTube clip titled "What Happens If You Leave Money To Your Own Foundation?" (created 2025-12-02T01:01:19+00:00) featuring MARK KOHLER giving practical estate-planning advice: you can leave funds to a private/family foundation, it must be run legitimately (no personal benefits) because the IRS enforces rules, and he encourages using such a foundation to support causes like providing shoes to kids on the Navajo Nation or building an orphanage in Costa Rica.

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.