-vs- A Private Foundation

Some clients may come to you with the belief that a private foundation provides their only option for long-term involvement with assets they set aside for charitable purposes.  In reality, a named fund or supporting organization at a community foundation offers numerous advantages to these clients, provides real ways for them to stay engaged in giving, and avoids many of the hassles of private foundation management. 
 
If your client already has a private foundation that he or she is tired of administering, the foundation’s assets may be used to establish a donor advised fund, unrestricted fund, field of interest fund, scholarship fund or designated fund.  Depending on the type of fund that is established, the private foundation's Board of Directors often stays involved in setting grant-making priorities, advising on grant awards and assessing grant success.
 
Explore the information in this section to look at these charitable giving options by clicking on the links to the right.  Also attached are resources for comparing the benefits of a community foundation and a private foundation, as well as information on how to convert a private foundation into a fund at the Community Foundation. Feel free to print any of these materials for discussions with your client.
 
We welcome the opportunity to consult with you and any clients who would like to discuss the advantages and disadvantages of each approach.  Our desire is to help you find the solution that works best for your client.  If you have any questions that have not been answered in this section, please Contact Us for more information.