Establishing a Private Foundation

Toolkit - Member ContentPublished : October 14, 2022

Do you want to start sharing your success and giving back through your own foundation? Just as in business, legal guidance is an investment for a private foundation. Finding the right counsel and spending your money wisely can be daunting. CompTIA’s Establishing a Private Foundation Playbook can help make your decisions easier with tools like:

  • An overview of private foundations
  • Steps to incorporate a private foundation
  • Getting your EIN
  • Filing the correct IRS form to get tax exempt status for your foundation
  • How to comply with state and local regulations
  • A sample Conflict-of-Interest policy
  • Common private foundation FAQs


This information provided by CompTIA’s does not, and is not intended to, constitute legal advice; instead, all information, content, and materials available in this document are for general informational purposes only. Readers of this document should contact their attorney to obtain advice with respect to any particular legal matter. No reader or user of this document should act or refrain from acting on the basis of information in this document without first seeking legal advice from counsel in the relevant jurisdiction. Use of, and access to, this document or any of the links or resources contained within the document do not create an attorney-client relationship between the reader or user and CompTIA, this document’s author(s), contributors or their employers.

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