|
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 tax returns on private. The Peninsula
Community Foundation grants, investments, fees can serve as a
buffer between and salaries the donor and grantseekers. |
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 |
