What is a Private Foundation Alternative Fund (Supporting Organization)?
 To open a fund today, contact Vice President of External and Donor Relations Carol Bradford at (213) 452-6266. |
|
A Private Foundation Alternative Fund allows you to facilitate your family’s charitable activities
without the administrative hassles and management burden of a traditional family foundation.
As a Supporting Organization with CCF, this entity would have tax-exempt status as a public
charity with a separate identity and its own mission and board of directors.
Download Private Foundation Alternative Fund Fact Sheet.
Highlights
- Your Private Foundation Alternative Fund avoids burdensome IRS regulations and receives favorable tax benefits that are unavailable to private foundations.
- The California Community Foundation will assist in creating your fund’s grantmaking mission and focus, structure a grant application and review process, evaluate grants made and publicize its activities.
- We provide ongoing professional staffing and administration to your fund, including accounting and filing of all required reports.
- You may choose to pool your fund’s assets with the California Community Foundation’s $1 billion in assets, or have your own investment policy.
- Our existing administrative and grantmaking infrastructure enables your fund to make an immediate community impact.
Opening Balance
$3 million
Administrative Fees
Administrative fees charged to funds cover general operating costs
including gift establishment, receipt of assets and contributions, grants and
fund administration, research into nonprofit agencies and issue areas and
other donor services. Fees are assessed quarterly with an annual minimum of $12,500. Investment management and consulting fees related
to the foundation's investment pools are charged separately. Additional
fees may be charged for any mutually agreed upon extraordinary legal,
banking or other services rendered on behalf of a fund.
| Fund Assets |
Fee Structure |
| $3 million or less |
1.25% of assets |
| Over $3 million and up to $5 million |
0.75% of assets |
| Over $5 million and up to $20 million |
0.50% of assets |
| Over $20 million and up to $40 million |
0.25% of assets |
| $40 million or more |
0.15% of assets |
Compare the benefits of a CCF-affiliated Private Foundation Alternative Fund with a private foundation.
To learn more about Private Foundation Alternative Funds, please contact Vice President of External and Donor Relations Carol Bradford at (213) 452-6266.
|
