Private foundations aren't just for billionaires—they’re accessible, flexible tools that allow individuals and families to give strategically and build a lasting legacy. In this episode, Rick Peck is joined by Amanda Flanagan, Senior Vice President at Foundation Source, to explore how private foundations empower donors with greater control, creative funding options, and multigenerational engagement. Together, they unpack how these foundations work, who they’re for, and why they’re more relevant than ever in today’s philanthropic landscape. Whether you’re a donor, advisor, or nonprofit leader, this conversation will help you understand the true potential of private foundations—and how they can complement donor-advised funds and other giving strategies. Key Takeaways: Most private foundations start with $1 million or less—making them far more accessible than many realize. Private foundations offer broad flexibility, including charitable lending, scholarships, and direct philanthropic activity. They support long-term, values-based giving—and can be excellent tools for multigenerational engagement. Assets like real estate, crypto, and closely held stock can all be used to fund a foundation. Resources: Foundation Source IRS Private Foundation Overview
