What is the difference between setting up a private foundation and creating a donor advised fund at Placer 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. Giving to a private foundation may result in reduced charitable deductions and a lack of privacy as well. Because Placer Community Foundation is a public charity, the regulations, taxes and administrative requirements required to establish and manage a private foundation do not apply to us.
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