What is the difference between setting up a private foundation and creating a donor advised fund at Kern Community Foundation?
Creating a private foundation subjects you to a number of regulatory requirements, such as undertaking an exemption application to the IRS, as well as ongoing administrative and fiduciary responsibilities, reduced charitable deductions and a lack of privacy. Kern Community Foundation makes philanthropy easy. We are a public charity, so the regulations, taxes and administrative requirements required to establish and manage a private foundation do not apply to us.
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