While non-profit organizations face many of the same issues that private businesses face, non-profits are subject to more restrictions and increased public accountability.
Delaware Law
Delaware’s legal environment is an attractive one in which to form and domicile a charity or other non-profit organization. Delaware’s corporate, trust and commercial statutes, applied by a respected judiciary, enable non-profit organizations to operate with much of the same flexibility and protection that attract for-profit businesses to Delaware.
Clients with philanthropic goals likewise find Delaware an attractive jurisdiction in which to establish private foundations or donor-advised funds. Delaware law facilitates the formation and operation of these privately-run charitable endowments, which can provide immediate tax savings and long-term benefits to the family and to society at large.