Advantages of a Fund

Comparison Chart
Donor Advised Funds Vs. Private Foundations

	Private Foundation	Donor Advised Funds
Maximum Tax Benefits	No	YES
AGI Tax Deduction Limitation—Cash	30%	50%
AGI Tax Deduction Limitation— Actively Traded Securities	20%	30%
Gifts of Real Estate	Cost Basis Deduction	Fair Market Value Deduction
Gifts of Closely-held Securities	Cost Basis Deduction	Fair Market Value Deduction
Privacy/Confidentiality	No Public Accessible Disclosure of IRS Form 990PF*	YES Confidentiality Maintained
Excise Taxes on Sale of Highly Appreciated Gifts to Entity	Yes	NO
Annual Excise Tax Payments	1-2% of Net Income & Net Realized Gains	NONE
Customized/Personalized Investment Program for Each Charitable Entity or Fund	Yes	YES
Ease of Establishing Charitable Entity	Complex	SIMPLE
Annual Minimum Distribution Requirement	5%	NONE

*Annual IRS Form 990 and 990PF disclosures include the following: Asset size, investment earnings/detail of investments held, board members and addresses, detail of grants distributed and detail of contributions made.