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

April 26, 2017advantages foundation fund private

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

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Because the Community Foundation 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, funds are not subject to excise taxes, and they have no payout requirement.