Family members with limited risk of paying penalty taxes

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John has established a $10,000,000 private foundation. He has a large family including a spouse, three brothers, four adult children, and eight grandchildren (two of whom are adults). The board of the foundation currently consists of him and two of his children. He would like to maximize the financial benefit of this foundation to his family members, but does not want to pay any penalty taxes. Give John at least three ideas on how he might to maximize the benefit to family members with limited risk of paying penalty taxes.

Reference no: EM131014365

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