Helping Children Around the World Through the Herbalife Family Foundation

Family FoundationHelping children around the world through the Herbalife Family Foundation (HFF) is an excellent way to feed kids in need. Often these are orphaned children, ravaged by disease or have been abandoned and face a life of neglect and starvation without our help. The Herbalife Family Foundation partners with established charitable organizations to improve the lives of at risk children through healthy nutrition and disaster relief. If only you could personally see how helping children through the HFF, you would understand how much your help is needed to replace the pain and suffering with joy and healthy lives.

Helping children through proper nutrition

Helping children through proper nutrition is a global responsibility. No one, especially children, should go hungry. Well nourished children are more likely to be healthy; more productive; and better able to learn. Good nutrition helps families and communities throughout the world. Conversely malnutrition is devastating to children. According to the United Nations Children’s Fund nearly one-third of child deaths are related to malnutrition and one in four children suffer from malnutrition. While most western countries such as the United States and Canada have governmental programs to help feed the impoverished, children in much of the world do not have access to such life-saving programs. Fortunately, there are many excellent venues for Americans to reach out and help the children in need throughout the world. Read the rest of this entry »

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Private Family Foundations – The Key Issue to Keep in Mind When Considering a Private Foundation

A private family foundation can have many benefits. And yes, the tax savings can be substantial and are probably at the top of your list. Yet there is an even more important issue you must consider before making the decision to start your own. Read on to discover how to make your foundation truly rewarding.

It’s a very bad idea to walk into creating your foundation blindly. Instead, spend some careful thought on your long-term goals for the foundation and the commitment that will be required both of you and your entire family. And then, there are all those administrative requirements. Make sure you’re really ready by spending time on the most important issue of all.

Choose the right goals

In order to ensure that you’re ready to stick with your foundation for the long haul, you have to make sure that you choose the right goals. Those goals must be truly yours — and they need to have staying power. It’s essential to get really clear about what you want from your foundation.

What happens if you don’t? The number one problem I’ve seen with people setting up foundations is that many of them neglect that crucial step and focus strictly on the immediate tax benefits, which can be substantial. Unfortunately, that can easily get in the way of developing a real philanthropic program. Read the rest of this entry »

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Charitable Family Health Foundations – How to Start One With Little Money

Family FoundationWhen I was growing up in the hills of my birth country, television stations were very limited, and the only reliable option was public television. We could see Masterpiece Theater, Sesame Street, cartoons, The Adventures of Sherlock Homes, and occasionally an interesting documentary. I took all of these programs for granted, assuming that some magic money tree funded them. Only as an adult, understanding the way programs are made, did I realize the programs are often paid for by private and public foundations.

Basically, a foundation is an organization which identifies deficiencies in the community and tries to use its resources to rectify the problems. The Bill and Melinda Gates Foundation is well-known, and here in our state we often hear about the Mary Reynolds Babcock Foundation which has made health care possible for many people who would otherwise not receive it if the programs depended solely on public funding. The United Way, another extremely beneficial organization, would hardly be able to maintain its wonderful work without such foundations. As grand as these foundations are, however, they don’t meet every need in our community.

One difficulty foundations face is in their creation. Starting a foundation requires answers to questions such as how much money will be available, how to get that money, how the money will be allocated to needy projects, and how the foundation will deal with its own tax issues. Just considering these questions will scare away many potential founders, regardless of their financial affluence. Fortunately there are foundations with the purpose of helping create foundations; they help take care of the woes that face foundations in the early stages of upstart. Read the rest of this entry »

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