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What are the advantages of a donor-advised fund over a private foundation?

April 26, 2017advantages Donor-Advised foundation fund private

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What are the advantages of a donor-advised fund over a private foundation?

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Given the recent decline in the assets of many private and family foundations, many small foundations have transferred their assets to donor-advised funds at community foundations because of the numerous advantages they offer. Donor-advised funds receive more favorable tax treatment, defined below, than private or family foundations, and their administrative costs are considerably less than the annual costs of operating a foundation.