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Give Smart: Private Foundations vs. Donor Advised Funds

What do you do when you want to give, but don’t want a lot of hassle, paperwork, and fees to deal with?

What do you do when you want to give, but don’t want a lot of hassle, paperwork, and fees to deal with? Many people think that a private foundation is the only option when you want to support causes you care about for the long-term, but that just isn’t the case. Donor Advised Funds at THCF provides you with ways to stay engaged in your giving, without wasting your precious time or money.

There are several reasons why a Donor Advised Fund is often a beneficial option. First, a THCF Donor Advised Fund offers maximum tax benefits, with higher deduction limits on fair market values. Second, setting up a donor advised fund at THCF is really easy.  You don’t need to establish a corporation or trust or wait months for your tax-exempt status to be approved by the IRS. With our donor advised funds you just sign some documentation to create your personal foundation (which automatically covers you under our tax-exempt status), decide who you want to be involved in the process, identify what types of causes you are passionate about, and start making grants to support them. It’s just that easy. Another benefit of a donor advised fund is you can protect your confidentiality. The size of your fund, your gifts, and your grantmaking is kept private and confidential. And unlike private foundations who are required to file detailed tax returns on grants, no public disclosure of individual grants or donations is required with your THCF donor advised fund.

These are just some of the benefits of a donor advised fund. If you are looking for maximum tax benefits with a minimum amount of headaches, a donor advised fund might be just the vehicle for your charitable giving. Learn more with this side-by-side comparison detailing the similarities and differences between private foundations and your local community foundation’s donor advised funds. Or, please feel free to get in touch with our Vice-President of Advancement, Cole Eason, by email or phone at 816.912.4182, to discuss your options.



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