Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What are the advantages of establishing a fund at Hope compared to establishing a private foundation?

April 26, 2017advantages foundation fund Hope private

0

Posted

What are the advantages of establishing a fund at Hope compared to establishing a private foundation?

1 Answer

0

Posted

Since Hope is a public charity, there are fewer Internal Revenue restrictions for gifts and grants than for a private foundation. Generally, donors receive a higher tax deduction for contributions. Additionally, donor advised funds are not subject to excise taxes, and they have no payout requirement. An alternative to creating a donor advised fund is establishing a supporting organization at Hope. A supporting organization offers the advantages of a donor advised fund, but it is governed more like a private foundation.