By Marly Peikes ( June 24, 2021, 1:43 PM EDT) -- Charitable foundations are structures for long term, flexible and customized philanthropy. Both private and public foundations enable donors to make long term gifts and have various benefits, including: creating a lasting legacy, involving family members in the giving process and charitable tax credits. These structures may be attractive for donors who are interested in creating gifts that will have a lasting impact on charitable causes that are important to a donor and his or her family....