|
CCF Donor Advised Fund |
Commercial Gift Fund |
CCF Supporting Organization
(Type 1) |
Private Foundation |
| Grantmaking and Investments |
Donor recommends grants to qualified nonprofit groups. Donors may choose from CCF's investment pools. |
Donor recommends grants to qualified nonprofit groups. Donors may choose from among firm's investment pools. |
Board has complete control over investments and grantmaking. CCF and donor work together to select board. |
Donor appoints board, which controls investments and grantmaking. |
| Tax Status |
Covered under CCF's public charity status. |
Covered under nonprofit status of corporate entity's charitable subsidiary. |
Entitled to public charity status based on its relationship with CCF. |
Must apply to IRS for private foundation tax-exempt status. |
| Income Tax Deductions for Gifts of: |
CCF Donor Advised Fund |
Commercial Gift Fund |
CCF Supporting Organization
(Type 1) |
Private Foundation |
| Cash |
Up to 50% of adjusted gross income. |
Up to 50% of adjusted gross income. |
Up to 50% of adjusted gross income. |
Up to 30% of adjusted gross income. |
| Publicly Traded Securities |
Fair market value up to 30% of adjusted gross income. |
Fair market value up to 30% of adjusted gross income. |
Fair market value up to 30% of adjusted gross income. |
Fair market value up to 20% of adjusted gross income. |
| Real Estate & Closely Held Securities |
Fair market value up to 30% of adjusted gross income. |
Fair market value up to 30% of adjusted gross income. Real estate and closely held securities are usually not accepted. |
Fair market value up to 30% of adjusted gross income. |
Deductible at cost basis. |
| Grantmaking Expertise |
Staff helps to identify and assess grantees, provide input on community needs, and ensure recipients are qualified and effective. Educational resources and tools available. |
Most do not offer personalized advice on grantee selection. |
Staff helps to identify and assess grantees, provide input on community needs, and ensure recipients are qualified and effective. Educational resources and tools available. |
Must arrange and support its own grantmaking and monitoring structure.
Learn about our grantmaking services for private foundations |
| Grants to Individuals |
Allowed under some circumstances (e.g., scholarships). |
Typically not permitted. |
Allowed under some circumstances (e.g., scholarships). |
Allowed under some circumstances (e.g., scholarships). Extra oversight required. |
| Distribution Requirements |
None. |
Varies. Some require a minimum of 5% of the fund's net assets on a five-year rolling basis. |
None. |
At least 5% of net asset value annually.
Learn about distributing to a CCF fund |
| Start-Up Considerations |
CCF Donor Advised Fund |
Commercial Gift Fund |
CCF Supporting Organization
(Type 1) |
Private Foundation |
| Costs |
None. |
None. |
Costs kept to a minimum through collaboration with CCF. |
Several thousand dollars for legal and accounting expenses and filing fees. |
| Time Frame |
Immediate. |
Immediate. |
Several months. |
Several months. |
| Minimum Contribution |
$25,000 |
Usually $10,000 to $25,000 for individuals. |
$3 million recommended. |
None, but smaller private foundations may not be cost-effective. |
| Annual Administrative Requirements |
CCF Donor Advised Fund |
Commercial Gift Fund |
CCF Supporting Organization
(Type 1) |
Private Foundation |
| Fees |
1.25% of assets <$1M
0.75% of assets >$1M<$5M
0.5% of assets >$5M<$20M
0.25% of assets >$20M<$40M
0.15% of assets >$40M
Assessed quarterly with a minimum fee of $125/quarter.
|
Based on size of fund, usually starting at 1% of assets and declining for larger funds. |
1.25% of assets <$1M
0.75% of assets >$1M<$5M
0.50% of assets >$5M<$20M
0.25% of assets >$20M<$40M
0.15% of assets >$40M
Assessed quarterly. |
Grantmaking, administrative and investment support are staffed and financed independently. |
| Taxes |
None. |
None. |
None. |
Excise tax of up to 2% of net investment income, including net capital gains. |
| Reporting |
None. |
None. |
Annual tax returns and audits prepared and filed by CCF. |
Annual tax return, including detailed financial schedules, filed by foundation. |
| Privacy |
Donors may remain anonymous. |
Donors may remain anonymous. |
Donors may remain anonymous, but IRS 990 form lists officers, directors and trustees. |
Donors may remain anonymous, but IRS 990PF form lists officers, directors and trustees. |
If you have created a private foundation but feel overwhelmed by the grantmaking, fiduciary, legal and administrative requirements, you may consider a variety of services to private foundations that we offer.
