164: The Private Foundation Startup Guide: From Idea to Launch

Welcome to EO Radio Show – Your Nonprofit Legal Resource. I'm Cynthia Rowland, and episode 164 of EO Radio Show covers the key questions to ask when considering starting a new private foundation. As we roll into September of 2026, I'm seeing the year-end uptick in people inquiring about whether to start a private foundation or not, and if so, how long it will take. In today's episode, I'll go over the key questions I ask when a client is thinking about forming a new private foundation. Then I'll outline the key steps and timeline for launching the charity, as well as the initial decisions you should make before getting started. Show Notes: IRS Form 1023 EO Radio Show Nonprofit Basics YouTube playlist EO Radio Show Private Foundations YouTube playlist EO Radio Show Public Charities YouTube playlist EO Radio Show State Filings YouTube playlist EO Radio Show: #1: Overview of Nonprofit Charitable Organization Types EO Radio Show #2: Designators, Members, Directors, Officers: The Who's Who of Nonprofit Governance EO Radio Show #109: Nonprofit Basics: Unrelated Business Income Tax: Debt Financed Income - Part 3 EO Radio Show #108: Nonprofit Basics: Unrelated Business Income Tax: Modifications and Exceptions - Part 2 EO Radio Show #109: Nonprofit Basics: Unrelated Business Income Tax: Basic Rules for Charities - Part 1 If you have topic suggestions you would like us to discuss, please email us at eoradioshow@fbm.com. Additional episodes are available at EORadioShowByFarella.com. DISCLAIMER: This podcast is for general informational purposes only. It is not intended to be, nor should it be interpreted as, legal advice or opinion.