Become A Donor - Public vs. Private Option
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COMPARISON OF PRIVATE FOUNDATIONS AND
THE PENINSULA COMMUNITY FOUNDATION OF VIRGINIA
| Attributes |
Private Foundations |
Donor Advised Funds at the
Peninsula Community Foundation |
| Amount Deductible |
| Publicly traded securities |
Fair market value |
Fair market value |
| Other appreciated property |
Cost basis |
Fair market value |
| Percentage Limitations |
| Cash gifts |
30% Adjusted gross income |
50% Adjusted gross income |
| Appreciated property |
20% Adjusted gross income |
30% Adjusted gross income |
| Other Considerations |
| Excise tax on investment income |
2% |
None |
| Donor control |
Legal |
Advisory |
| Anonymity |
No - must file detailed tax returns on grants, investments, fees and salaries. |
Yes - donors and grants can be detailed on tax returns in private. The Peninsula Community Foundation grants, investments, and fees can serve as a buffer between the donor and grant seekers. |
| 5% Distribution requirement |
Yes |
No - can vary from year to year |
| Incorporation, tax exemption, audit/tax returns, directors/officers insurance, grants management, investment management, compliance, annual report. |
Responsible for all functions; foundations less than $3 million have expenses ranging from 3-5% decreasing as the assets increase. |
Foundation handles all administration for a tiered fee based on fund size. |
| Length of time to establish |
Several months |
Within 24 hours |
| Primary advantages |
Control, independence, knowledge, family identity, employment of children. |
Deductibility, knowledge of nonprofits, flexibility, permanence, freedom from paperwork, lower administrative cost. |
For more information please contact the Foundation (757.327.0862 / E-Mail / Contact Us).
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