# The Secret Tax Strategy Billionaires Use (and You Can Too) with Dan Kaminski

Page: https://stenobird.com/podcast/the-wealth-without-wall-street-podcast-743349/the-secret-tax-strategy-billionaires-use-and-you-can-too-with-dan-kaminski
Text version: https://stenobird.com/podcast/the-wealth-without-wall-street-podcast-743349/the-secret-tax-strategy-billionaires-use-and-you-can-too-with-dan-kaminski.md
Podcast: [The Wealth Without Wall Street Podcast](https://stenobird.com/podcast/the-wealth-without-wall-street-podcast-743349)
Published: 2026-02-19T05:00:00+00:00
Episode link: https://www.wealthwithoutwallstreet.com/podcast/the-secret-tax-strategy-billionaires-use-and-you-can-too-with-dan-kaminski
Audio file: https://episodes.captivate.fm/episode/07b90aad-fa26-439f-a88f-baa1cddd0cfe.mp3
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JSON: https://stenobird.com/v1/public/podcasts/the-wealth-without-wall-street-podcast-743349/episodes/the-secret-tax-strategy-billionaires-use-and-you-can-too-with-dan-kaminski
Duration seconds: 1657

## Resource

Do you want to pay less in taxes and keep more of your hard-earned money? In this episode, Dan Kaminski joins Russ and Joey to discuss a little-known tax strategy used by billionaires to protect their wealth and reduce tax liability. They explore private family foundations, showing how everyday investors can use these tools to create tax savings while contributing to charitable causes. Dan explains how billionaires leverage this strategy to build generational wealth, focusing on preserving and passing down assets while gaining tax advantages. He highlights the key features of establishing a private family foundation and how it can serve as a wealth-building tool beyond traditional investment channels. They also discuss how the strategy compares with other options, such as donor-advised funds (DAFs), and why it’s a game-changer for high-net-worth individuals. Top three things you will learn: -How private family foundations can be used to build and protect generational wealth -The benefits of using a private family foundation compared to donor-advised funds -Practical steps to set up and leverage a private family foundation for tax savings About Our Guest: Dan Kaminski established Foundation Launch in 2023 to answer his own question: "How do I start and manage a foundation without being a billionaire?" As the organization's name implies, Dan's sole focus is on establishing and managing private foundations, widely regarded as the gold standard of charitable vehicles. Dan believes that with a foundation, you can increase your impact and define your legacy in a tax-deductible way. By investing the foundation assets, you can grow the endowment in a tax-exempt environment and eventually give far more than you could have personally. Control of your foundation and its assets ca…

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