Compare a private foundation with a donor-advised fund.
|Donor-Advised Fund||Private Foundation|
|Start-up ease & costs||Simple process with minimal or no cost||Complex process with legal fees and IRS application expenses|
|Asset minimums||None||Usually $1,000,000+|
|Grant making||Donor Advisor(s) recommends grants to YouthBridge Grant Committee.||Foundation board exercises control over grants|
|Privacy||Donors may remain anonymous||Annual filing of IRS Form 990-PF is a public record of grants, assets, trustee names, compensation, etc.|
|Minimum annual distribution requirements||None||5%|
|Annual IRS tax return||None||IRS Form 990-PF|
|Annual excise tax||None||Up to 2% on net income and net realized capital gain|
|Maximum Tax Benefits*||Yes||No|
|Cash gifts||60% of AGI||30% of AGI|
|Gifts of long-term capital assets||Fair market value up to 30% of AGI or cost basis up to 50% of AGI||Fair market value for publicly traded stock, cost basis for other capital assets; deductible up to 20% of AGI|
|Gifts of short-term capital assets||Generally cost basis up to 50% of AGI||Cost basis, up to 30% of AGI|
|Fund accounting, audit and Form 990||Included under YouthBridge corporate structure||Foundation board performs, contracts or hires staff for these services|
|Grant administration||Level I grant support included in administrative fee||Foundation board performs, contracts or hires staff for these services|
* Summary of tax benefits are for individual taxpayers, not corporations.
Information provided is general and educational in nature. It is not intended to be, and should not be construed as, legal or tax advice. YouthBridge Community Foundation does not provide legal or tax advice. Content provided relates to taxation at the federal level only. . Rules and regulations regarding tax deductions for charitable giving vary at the state level, and laws of a specific state or laws relevant to a particular situation may affect the applicability, accuracy, or completeness of the information provided. . Consult an attorney or tax advisor regarding your specific legal or tax situation.