Public Charity vs. Private Foundation vs. Private Operating Foundation

Hum, I wonder how Warren Buffett gets away with it?
Per AI:

No, Warren Buffett's children likely do not pay taxes on the salaries they receive from the family foundations because these foundations are considered non-profit organizations, meaning salaries paid to employees, including family members, are typically tax-exempt.

So when you look at a YMCA 990 (the regional ones), they show they easily meet the public support test but I presume this is based on program/ membership fees not classic donations. Can one meet the public charity support test on the basis of program fees rather than traditional donations?

Best video explaining this. Thank you!

If I were to create a public charity Could I still have “foundation” in the charity name?

There is no such thing as a nonprofit!

Great video, very informative.. thanks bro 💪🏾💯

People have been conditioned to believe that they must seek the permission of other men

Can I ask if me and a group of ladies are trying to start a woman’s group which way should we go if we’re not asking them for money we would like other people to help donate to our cause to help other women

Can you provide money to an international nonprofit through a private foundation?

Is there a minimum amount of funds needed to start a private foundation?

Very informative and clear

Thanks

Thank you

Very informative and easy to understand

How much would your company charge for managing numbers for a small start up private operating foundation

Great Video! I was wondering can an LLC, trust, or S-Corp be on the Board of directors for a public charity, or private foundation.

Thank you for this video!

thank you!

WOW!!! Thank you so much. This was extremely helpful. The taxes is a beast for private foundations. If you have any tips for this, I would greatly appreciate it. Thank you again.

Really enjoy your presentation! Like to open a private operating foundation, but are there more requirements? For example, how much is required for the initial putting in? Is it possible to put in money gradually?

Can u give me a Public Charity example???

Please

Can you give me an example of Public Charity please?

Thank you for sharing

What is a good example of a private operational foundation that exists today?

I would like to ask a question?

Is fee-for-service revenue included in the public support test? - if its supporting the organization's mission?

509 (a)(2) Public charities can also have DISQUALIFIED persons, in fact, certain GOVERNMENT units can become a DISQUALIFIED person under the 509(a)(2) support test. You should go deeper into that? Private Operating Foundations do not have to comply with the mandatory distribution rules of a private foundation. And one last note, deductions only qualify for the 60% deduction to public charities if the donation is cash, other transactions (donations) such as real estate may be granted at a cost basis for the first year and you can take the remainder of the donation over a 5 year period.