Disaster relief in Mexico and Puerto Rico

Support disaster recovery efforts in the Mexican communities affected by earthquakes and in Puerto Rico, severely damaged by hurricanes.

Learn More

Private foundations

Private FoundationSupporting Organization of CFGMDonor-Advised Fund of CFGM
Legal IdentitySeparate nonprofit corporation with donor’s choice of nameSeparate nonprofit corporation affiliated with CFGM; donor’s choice of nameFund of CFGM with donor’s choice of name
Tax StatusPrivate FoundationPublic CharityPublic Charity
Minimum SizeGenerally, $1 million and up$2,000,000 $10,000
Taxation of Investment IncomeUp to 2% annuallyNoneNone
Required Payout5% annuallyNoneNone
Deductibility of Cash GiftsUp to 30% of AGIUp to 50% of AGIUp to 50% of AGI
Deductibility of Long-Term Capital Gain PropertyDeductible at cost only, except for qualified appreciated securities, which are deductible at fair market value up to 20% AGIDeductible at fair market value up to 30% of AGIDeductible at fair market value up to 30% of AGI
AdministrationDonor responsible for all accounting and record keeping, including detailed IRS annual filingCFGM responsible for all accounting, record keeping and IRS filingCFGM responsible for all accounting and record keeping; no separate IRS filing required
Grant-making ExpertiseDonor must be knowledgeable or obtain professional adviceCFGM staff available to research donor interests, develop applications, advise donor, monitor grantsCFGM staff available to research donor interests, advise donor, monitor grants
ControlPrivate foundation board has control of distributions and responsibility for asset managementSupporting organization board has control of distributions and responsibility for asset managementDonor advisor(s) recommend grants and investment pool for CFGM Board approval
Upfront CostsSubstantial organizational fees and expenses, plus local, state and federal filing feesLocal, state and federal filing feesNone
Annual CostsLegal and accounting fees, insurance, possibly staff and office expensesAdministrative fee of 1.20% of assets (or less depending on asset size)Administrative fee of 1.25% of assets (or less depending on asset size)