Private foundations are not a new giving vehicle. However, they remain a powerful point of leverage for philanthropists. For the charitably inclined there is not much you cannot do with a private foundation so long as you follow the rules. The key is you must understand the rules. This session will debunk 10 common myths of private foundations. We will highlight activities you CAN do with a private foundation that most people think you CANNOT. We will also highlight a few danger areas where common sense would tell you the activity should be fine to engage in with a private foundation but is actually a violation of a Chapter 42 tax law.