What is the difference between setting up a private foundation and creating a donor advised fund at the California 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. The California Community Foundation, on the other hand, makes the practice of philanthropy easy. We are a public charity ? the regulations, taxes and administrative requirements required to establish and manage a private foundation do not apply to us. To learn more about the advantages of a donor advised fund at the community foundation, please contact our philanthropic services department at (213) 413-4130.
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