Comparison of Private Foundations and the Eastern Shore of Virginia
Community Foundation.
Attributes
|
Private Foundations |
Donor Advised Funds
At the ESVCF |
|
Amount Deductible |
| Publicly Traded Securities |
Fair Market Value |
Fair Market Value |
Other Appreciated
Property |
Cost Basis |
Fair Market Value |
| Percentage Limitations |
|
|
| Cash Gifts |
30% Adjusted Gross Income |
50% Adjusted Gross Income |
Appreciated Property
|
20% Adjusted Gross Income |
30% Adjusted Gross
Income |
|
Other Considerations |
Excise Tax on
Investment Income |
2% |
None |
| Donor Control |
Legal |
Advisory |
| Anonymity |
No. Must File Detailed Tax Return, Which Is
Public Information |
Yes, Full Anonymity if desired |
5% Distribution
|
Yes |
No. Can Vary From
Requirement Year to Year |
Length of Time to
Establish |
Several Months |
Within 24 Hours
|
Incorporation , Tax
Exemption, Audit/Tax
Returns, Directors
Officers, Insurance
Grants Management,
Investment Management,
Compliance, Annual
Report |
Responsible for All Functions; Foundations
of Less Than $3 Million Have Expenses Ranging from 3-5% Decreasing as
the Assets Increase |
Foundation Handles All Administration For a
Tier Based on Fund Size |
Primary Advantages
|
Control, independence,
Knowledge Family
Identity, Employment
Of Children |
Deductibility, Knowledge of
Nonprofits, Flexibility, Permanence, Freedom from Paperwork, Lower
Administration Cost |
