# @edwardcollins_upleveled on Instagram

- **Type:** Video
- **Original URL:** https://www.instagram.com/p/DM-1kpBR0vC
- **Gondola URL:** https://gondola.cc/posts/35104089-edwardcollins-upleveled-instagram
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/postThumbnails/1c97406bcd.jpg
- **Posted:** 2025-08-05T17:33:18.000+00:00
- **Account Owner:** Edward Collins | Money Lawyer & Wealth Strategist (@edwardcollins_upleveled) — https://gondola.cc/edwardcollins_upleveled

## Caption

Thinking About a Family Foundation? Start With Purpose — Not Just Taxes. 

Before we get into strategy, drop your favorite charity in the comments. 

Because that’s where this conversation should begin. 

Yes, a Family Foundation can deliver serious tax benefits. 

But if your main goal is tax savings, you’re already missing the point. 

🎯 True purpose: Philanthropy. 

The tax deduction? Just a bonus. 

Here’s what you need to know: 

📌 Who can set one up? 

Pretty much anyone with the right resources and guidance. 

📌 What rules apply? 

Strict ones — and the IRS enforces them. 

🚫 No personal benefit. 

🚫 No self-dealing. 

🚫 No using foundation funds for family gain. 

“Disqualified persons” include: 

1️⃣ You. 

2️⃣ Your spouse. 

3️⃣ Your kids. 

4️⃣ Certain relatives and entities you control. 

✅ Can family members work in the foundation? 

Yes — but only if: 

• They perform legitimate, necessary services. 

• They’re paid a fair market wage. 

• Compensation is properly documented. 

A Family Foundation can be one of the most powerful tools for charitable impact and legacy — but only when it’s built and operated correctly. 

Lead with giving. 

Let the tax benefits follow. 

Credit (IG): Nicole Lapin – [nicolelapin] 

 SF0736

## Stats

- **Views:** 9,436
- **Likes:** 651
- **Shares:** 0
- **Comments:** 19

## Credits

These are the roles credited on Gondola. Credits may be incomplete.
A brand, account owner, or featured person is not necessarily the creator.

| Name | Username | Profile | Role |
| --- | --- | --- | --- |
| Edward Collins | Money Lawyer & Wealth Strategist | @edwardcollins_upleveled | https://gondola.cc/edwardcollins_upleveled | Talent |
| Hector Garcia | @Hector_FilmSchool | https://gondola.cc/Hector_FilmSchool | Content Producer |

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