What is the difference between setting up a private foundation and creating a donor-advised fund at the Orange County Community Foundation?
Creating a private foundation subjects your client to a number of regulatory requirements that include ongoing administrative and fiduciary responsibilities, reduced charitable deductions, and a lack of privacy. In contrast, the community foundation makes the practice of philanthropy easy and cost effective—and we can keep donor anonymity, if desired. The regulations, taxes, and administrative requirements that govern private foundations do not apply to community foundations. Click here to view our quick reference guide.
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