The Community Foundation | Private foundations | Commercial gift funds | |
|---|---|---|---|
Personalized services provided by an experienced and mission-based organization | Yes | No | No |
Maximum tax benefits | Yes | No | Yes |
AGI tax deduction limitation – cash | 60% Change due to 2017 Tax Reform | 30% | 60% Change due to 2017 Tax Reform |
AGI tax deduction limitation – long-term capital gain property (i.e., publicly traded stock, closely held stock and real estate) | 30% | 20% | 30% |
Gifts of qualified appreciated securities (i.e., publicly traded stock) | Fair market value deduction | Fair market value deduction | Fair market value deduction |
Gifts of real estate or closely held stock | Fair market value deduction | Cost basis deduction | Generally, no |
Privacy/confidentiality | Yes Confidentiality maintained | No Disclosure of IRS Form 990PF* required | Yes Confidentiality maintained |
Custom investment program for each charitable entity or fund | Yes | Yes | Generally, no |
Annual excise tax payments | None | 1-2% of net income and net realized gains | None |
Excise taxes on the sale of highly appreciated gifts | No | Yes | No |
Ease and cost of establishing charitable entity | Simple No cost | Complex Legal expenses and IRS 1023 application fees and expenses | Simple No cost |
Annual minimum distribution requirement | None | 5% | None |
Annual maximum distribution requirement | None | None | None |
*Annual IRS 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.