Open a Giving Fund
The Benefits of a Giving Fund versus a Private Foundation
The Giving Fund offers many of the advantages of a private foundation without the expensive set-up fees and costly, time-intensive administration. While a private foundation offers greater control over investment options and choice of grant recipients, your Giving Fund is a professionally managed, hassle-free and cost-effective alternative.
| Income Tax Deductions & Limitations for Donor | Giving Fund | Private Foundation |
|---|---|---|
| Cash Gift | 50% of Adjusted Gross Income | 30% of Adjusted Gross Income |
| Property/Securities* | 30% of Adjusted Gross Income | 20% of Adjusted Gross Income |
| IRS Requirements | ||
| Excise Tax on investment income | None | Up to 2% of income |
| Additional Information | ||
| Anonymity | Upon Request | Taxes/Grants public |
| Separate Tax Return Required | No | Yes, Form 990 |
| Setup Costs | None | Variable/High |
| Annual Administrative Costs | 1/4%-1% | Variable/High |
*There are a number of factors to consider when assessing the tax implications of gifts to charity. Please consult with your tax specialist before making any donations.