| Private Foundation | Supporting Organization of CFGM | Donor-Advised Fund of CFGM |
|---|
| Legal Identity | Separate nonprofit corporation with donor’s choice of name | Separate nonprofit corporation affiliated with CFGM; donor’s choice of name | Fund of CFGM with donor’s choice of name |
| Tax Status | Private Foundation | Public Charity | Public Charity |
| Minimum Size | Generally, $1 million and up | $2,000,000 | $10,000 |
| Taxation of Investment Income | Up to 2% annually | None | None |
| Required Payout | 5% annually | None | None |
| Deductibility of Cash Gifts | Up to 30% of AGI | Up to 50% of AGI | Up to 50% of AGI |
| Deductibility of Long-Term Capital Gain Property | Deductible at cost only, except for qualified appreciated securities, which are deductible at fair market value up to 20% AGI | Deductible at fair market value up to 30% of AGI | Deductible at fair market value up to 30% of AGI |
| Administration | Donor responsible for all accounting and record keeping, including detailed IRS annual filing | CFGM responsible for all accounting, record keeping and IRS filing | CFGM responsible for all accounting and record keeping; no separate IRS filing required |
| Grant-making Expertise | Donor must be knowledgeable or obtain professional advice | CFGM staff available to research donor interests, develop applications, advise donor, monitor grants | CFGM staff available to research donor interests, advise donor, monitor grants |
| Control | Private foundation board has control of distributions and responsibility for asset management | Supporting organization board has control of distributions and responsibility for asset management | Donor advisor(s) recommend grants and investment pool for CFGM Board approval |
| Upfront Costs | Substantial organizational fees and expenses, plus local, state and federal filing fees | Local, state and federal filing fees | None |
| Annual Costs | Legal and accounting fees, insurance, possibly staff and office expenses | Administrative 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) |
