Private Family Foundations and Non-Profits

In this episode, we break down the difference and the pro's and con's to Private Family Foundations and Non Profits.
There are a lot of different ways you can give back and be impactful. In today's Better Wealth, I had the privilege and honor of interviewing Matt Coulter, founder of 143 Collective, a nonprofit specializing in non-profit development, fiscal sponsorship, community activism and additional outreach. Listen to his story of discovering intentional living through the development of foundations that give back. Matt shares with us the difference between nonprofits and foundations, as well as, the pros and cons. Matt discusses with me how the control of money can be maintained through foundations. Matt explains how being wise with money might lead to family foundations because of the tax deductions. While, we also discuss the differences of nonprofits and how dollars could be going further in the nonprofit world. I also ask Matt to be honest with the cons of having foundations and when it would be smart to consider this option. Listen as Matt talks about being intentional and taking action.
Guest Bio:
143 Collective is an eclectic group of humans striving to leave our mark.
We’ve created shelter for our minds to run wild, to create, and most importantly take action. Loving others simply because we can, together we author a legacy of love to hand to the next generation.Our team specializes in non-profit development, fiscal sponsorship, community activism and additional outreach. We’ve constructed all that we do to love others when they need it the most. Dedicated to leaving this place better than we found it, one community at a time. The decisions we make are not about us, but rather the generations that will live the history we conceive. Togetherness, paired with ambition, is the only path forward to protect the beautiful lives we’ve been given. Looking back on time, it’s evident we need to refocus on quality and not quantities. We must find our way back to valuing completion, satisfaction with less, and relationships like the trailblazers before us. It’s time to forge our own path, to find a better way, to design a future worth being proud of.
Guest Links:
Learn more about Matt Coulter by visiting:
142 Collective143collective.org
Beyoutiful Foundation www.beyoutifulfoundation.com
Ally2Action Ally2Action.org
#BetterWealth #Foundations #NonProfits
============================================
Click Here to Subscribe: bttr.ly/yt
BetterWealth
betterwealth.com
📞 Free 15 Minute Call: www.betterwealth.com/clickher...
📕 The And Asset Book: bttr.ly/book
🎥 The And Asset Movie: bttr.ly/movie
💸 BetterWealth Assessment: bttr.ly/assessment
📱 BetterWealth Podcast: bttr.ly/podcast
📩 Join our Newsletter: bttr.ly/newsletter
🤵🏼 Financial Advisor, Agent or Coach: bttr.ly/advisor
============================================
Caleb Guilliams
Book Caleb to Speak: bttr.ly/speak
Instagram: bttr.ly/instagram
============================================
Videos
🔴 The Truth About Banking with Life Insurance - • The Truth About Infini...
🔴 The And Asset Explained - • The AND Asset Explaine...
🔴 Overfunded Whole LIfe Insurance - • Overfunded Whole Life ...
🔴 Life Insurance True Rate of Return - • Whole Life Insurance a...
🔴 Dr. Bill Danko The Millionaire Next Door - • Richer Than A Milliona...
🔴 Ted Benna the Father of the 401(K) - • How Consumers Became S...
🔴 Wade Pfau Avoid Retirement Risk - • Avoiding Retirement Ri...
🔴 Barry Dyke Pirates of Manhattan - • The Federal Reserve, F...
Financial Advice Disclaimer: All content on this channel is for education, discussion and illustrative purposes only and should not be construed as professional financial advice or recommendation. Should you need such advice, consult a licensed financial or tax advisor. No guarantee is given regarding the accuracy of information on this channel. Neither host or guests can be held responsible for any direct or incidental loss incurred by applying any of the information offered.
Affiliate Disclosure: Some of the links on this channel and in video descriptions are affiliate links. At no additional cost to you, we receive a commission if a purchase is made after clicking the link.

[@lisaforeman3171]

Thank you so much! This is exactly the information I have been looking for! Giving efficiently is *foundational* to living intentionally, but this content is very hard to find.

[@BetterWealth]

So glad to hear this!

[@midehatter]

This was so insightful. Thank you both

[@BetterWealth]

So glad you found it helpful!

[@TheDjangoJoEShowOfficial]

This is the most helpful video I've seen in a long time.

[@Tobarja]

Content starts at 17:50

[@ShaolinChan5988]

😅👍

[@andrewgillis753]

Banger interview! Thank you guys!

[@bobpag6371]

Thanks for the help !

[@fflwhuu1849]

Thank you for sharing!

[@BetterWealth]

Thanks for watching the commenting!

[@fflwhuu1849]

@@BetterWealth I am wondering for Private family foundation/ non operating private foundation , is it correct that it’s primary mission is to give Money to charity ? If so, is family foundation required to make grants to public charities annually from its 5% distributions? It looks to me that even if family members are doing charitable activities, it is still not the mission of the family foundations, but making grants is. Is my understanding correct? Thank you so much for sharing. It is not easy to find information as what you shared in this video.

[@johnhong78]

Thank you. I d like more

[@erikbrown8688]

Can we create our own donor advise fund that we own

[@Ancestors-of-the-4-Directions]

I thought you could raise money also through Family Foundation also. I also thought that Family Foundation is also a non-profit

[@henryh3496]

it is

[@user-no4ij8lx6w]

حلم 💭 ،،،،،،،،،،،،،،،،،حلم حلم 💭 حلم 💭 ،،،،،،،،،،،،،،،،،حلم

[@HolyAscencieonChurch]

Amazing and at the same time, very sad, that both got of you got cancer and both of you do not know that most cancers are caused from not consuming biflavonoids, enzymes, and polyphenols. If you eat gobs of eggs and chicken, I can also see why you got it.

[@henryh3496]

wow.....how.... empathetic of you, ...... in such a non-condescending manner.