<h1>Make the Changes Now to Overcome<br />the Hurdles of a Private Foundation</h1>

Whether you decide to add a Donor Advised Fund to simplify the grant process and to regain the privacy lost with a Private Foundation, or to terminate your Foundation in exchange for the ease, efficiency, and integrity of a Donor Advised Fund, the following information has been included to assist you in the process. As always, please consult with your own attorney.

<div style="float: left; text-align: center; margin-top: 25px; margin-left: 30px; width: 150px;"><a style="text-decoration: none;" href="/img/Step-By-Step-Termination.pdf"><img src="/img/thumb-Step-By-Step-Termination.jpg"></a><br /><a href="/img/Step-By-Step-Termination.pdf">Download PDF</a></div><div style="float: left; padding-left: 25px; width: 300px;"><h2>Step by Step Termination</h2><p>Many families frustrated by the upkeep of their Private Foundation are choosing to unwind their foundation into a Donor Advised Fund at a Public Foundation. The downloadable checklist can help you through the necessary steps, in the most logical order, to convert or dissolve your private family foundation to a WaterStone Donor Advised Fund.</p></div><div style="clear: both;">&nbsp;</div>

<div style="float: left; text-align: center; margin-top: 45px; margin-left: 30px; width: 150px;"><a style="text-decoration: none;" href="/img/Resolution-of-Termination.pdf"><img src="/img/thumb-Resolution-of-Termination.jpg"></a><br /><a href="/img/Resolution-of-Termination.pdf">Download PDF</a></div><div style="float: left; padding-left: 25px; width: 300px;"><h2>Obtain Board Approval</h2><h4>Special Meeting of the Board of Directors to approve a Resolution of Termination </h4><p>To implement a conversion from a Private Foundation to a WaterStone Donor Advised Fund, Board of Director approval to terminate must be obtained and documented in the Minutes of a meeting of the Board of Directors. Download a SAMPLE <em>Resolution of Termination and Plan of Distribution</em>. Please consult with your own attorney.</p></div><div style="clear: both;">&nbsp;</div>

<div style="float: left; text-align: center; margin-top: 0px; margin-left: 30px; width: 150px;"><a style="text-decoration: none;" href="/img/Unanimous-Consent.pdf"><img src="/img/thumb-Unanimous-Consent.jpg"></a><br /><a href="/img/Unanimous-Consent.pdf">Download PDF</a></div><div style="float: left; padding-left: 25px; width: 300px;"><h4>Unanimous Consent in Lieu of a Special Meeting of Board of Directors</h4><p>If the Board of Directors does not actually meet to approve the Resolution of Termination to convert a Private Foundation to a WaterStone Donor Advised Fund, their approval to terminate may be obtained utilizing the downloadable SAMPLE Unanimous Consent in Lieu of a Special Meeting of the Board of Directors. Please consult with your own attorney.</p></div><div style="clear: both;">&nbsp;</div>

<div style="float: left; text-align: center; margin-top: 25px; margin-left: 30px; width: 150px;"><a style="text-decoration: none;" href="/img/DAF-Application.pdf"><img src="/img/thumb-DAF-Application.jpg"></a><br /><a href="/img/DAF-Application.pdf">Download PDF</a></div><div style="float: left; padding-left: 25px; width: 300px;"><h2>Open a WaterStone<br />Donor Advised Fund</h2><p>Whether you choose to simply enhance your family foundation with the addition of a Donor Advised Fund, or completely dissolve your family foundation into a Donor Advised Fund, the downloadable Donor Advised Fund Application should be utilized. Simply complete, sign, and return it to WaterStone.</p></div><div style="clear: both;">&nbsp;</div>