Are you looking for an alternative to a private foundation? A supporting organization is an easy and efficient option that provides you with lower operating costs, substantial tax advantages and access to a wide range of support services. While affiliated with the Greater Milwaukee Foundation and benefiting from the Foundation’s public charity status, a supporting organization has its own separate corporate structure and its own board that makes decisions on grantmaking, gift acceptance policies and other matters. A minimum balance of $1 million is required.

A supporting organization’s purpose must be compatible with the Foundation, and the IRS requires that a majority of its board members be appointed by the Foundation. Typically, board members are selected from a list of qualified candidates recommended by the donor.

Hepburn "Bootstrap" Foundation, Inc.

Honkamp Family Foundation

Strattec Foundation, Inc.

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Janisch-sm.jpgContact Will Janisch to learn more about the benefits to starting a supporting organization 

 

Donor Story

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A fellow philanthropist and Oconomowoc resident inspires woman to strengthen sense of community through her own fund.  Read More>