|
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 |
| Ongoing expense |
Lower |
Higher |