[Question] Starting a Small Charity to Give Grants

As far as I can tell its possible to set up an org to do the following things:

-- Give grants to individuals and other charities

-- Invest tax-free as long as all money is granted out charitably

This seems really useful. Let’s just take it as a premise that giving grants to individual EAs is a good idea. Lets also assume you expect to have a decent amount of capital gains. You can just give gifts but then you pay taxes on your capital gains and cannot deduct the gift. This is way worse than routing things through a foundation.? It seems you can donate assets/​cash to the foundation. The foundation does not need to pay any capital gains tax when they sell. And you can deduct when you donate the money to the foundation. I really wish I had held some of my crypto inside a foundation at the start of the year.

Has anyone done this? I believe it’s legal. Does anyone have advice on setup costs and the best service to use?

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