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Tom Meaglia, ChFC®, AEP®,

CLU®, CRPC®, MSFS

Chartered Financial Consultant

Investment Advisor Representative

Chartered Retirement Planning Counselor

CA Insurance Lic. #0567507

 

Meaglia Financial Consulting

2105 Foothill Blvd., #B140, La Verne, CA 91750

 

Toll Free: 800-386-3700

Bus:         909-593-6105

Cell:         818-681-8600

Fax:         909-593-6120

 

Email: tom@meagliafinancialconsulting.com

Website: www.meagliafinancialconsulting.com

July/August 2025

A Family Affair

Cooperation Environment Charity Concept. Nature Support,Volunteer People, Social. Professional Corporate Business Environment and Achieve. Organization Spirit Initiative. Asian Team Success.

The urge to make a difference often extends beyond personal success into a desire to impact the world positively. One effective way to channel this desire is through a family foundation. This approach supports causes that resonate with you and establishes a charitable legacy for future generations.


What is a Family Foundation?
A family foundation is a nonprofit organization, typically funded by a single family, that seeks to enhance a social purpose. Families use their resources to support various charitable initiatives, ranging from education and healthcare to environmental conservation and the arts.


Benefits
Flexibility in Giving: A family foundation allows you to decide which causes to support and how funds are allocated. Unlike other forms of charitable giving, which may have stringent guidelines, family foundations allow you to create a personalized giving strategy aligned with your family's values.


Tax Advantages: Contributions made to the foundation may be tax-deductible, potentially allowing you to lower your income tax while simultaneously fulfilling your philanthropic goals.


Family Bonding: Running a family foundation can be a unique opportunity to engage family members in philanthropic activities. It encourages discussions around important issues and helps instill a sense of social responsibility in younger generations.


Long-term Impact: Unlike one-time donations, a foundation can continue to grant funds over many years, creating a lasting influence in the areas where it operates.


Challenges
While there are substantial benefits, starting a family foundation also presents challenges. Administrative responsibilities include complying with Internal Revenue Service regulations, maintaining proper records, and filing annual returns. Additionally, you may need to ensure that your family remains engaged and aligned with your philanthropic mission; otherwise, decision-making can become complicated. Professional guidance is essential.


Is a Family Foundation Right for You?
Deciding whether to establish a family foundation is a significant decision that requires careful consideration. Assessing your financial capabilities, community engagement, and philanthropic goals is important.


Engaging with financial professionals or philanthropic consultants can further refine your strategy and help you navigate the
complexities.


According to the National Center for Family Philanthrophy's Trends 2025, the most common reasons for creating famlily foundations were that donors wished to "create a vehicle for long-term family philanthrophy legacy" (55%), because they were "advised by a lawyer/estate planner" (39%), and because they sought to "create a vehicle to engage the next generation in philanthrophy" (32%).




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Thomas Meaglia is an Investment Adviser Representative of Coppell Advisory Solutions LLC, dba, Fusion Capital Management, a registered investment adviser that only conducts business in jurisdictions where it is properly registered, or is excluded or exempted from registration requirements. Registration as an investment adviser is not an endorsement of the firm by securities regulators and does not mean the adviser has achieved a specific level of skill or ability. The firm is not engaged in the practice of law or accounting.
Insurance and annuity products are not sold through Fusion Capital Management. Fusion does not endorse any annuity or insurance product, nor does it guarantee any insurance or annuity performance. Annuity and life insurance guarantees are subject to the claims-paying ability of the issuing insurance company. If you withdraw money from or surrender your contract within a certain time after investing, the insurance company may assess a surrender charge. Withdrawals may be subject to tax penalties and income taxes. Persons selling annuities and other insurance products receive compensation for these transactions. These commissions are separate and distinct from Fusion's investment advisory fees.
Meaglia Financial Consulting and LTM Marketing Specialists LLC are unrelated companies. This publication was prepared for the publication’s provider by LTM Client Marketing, an unrelated third party. Articles are not written or produced by the named representative.

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