Yes. By converting your private foundation to a donor advised fund at the Community Foundation, you maintain the name of your foundation (or you can choose an anonymous name) and you maintain the advisory capacity over grant making while the Community Foundation manages all of the administrative duties such as accounting, grant application due diligence, grants follow-up, and all IRS reporting. Furthermore, you have the opportunity to resource the experience and knowledge base of our professional staff about the critical needs of our region. 

There are many advantages that a donor advised fund at the Community Foundation offers over a private foundation. In terms of immediate tax benefits, it is important to remember that the Community Foundation is a public charity, and therefore

  • Tax deductions of as much as 50% AGI are possible
  • 5% annual pay out is not required
  • Excise taxes do not apply

Learn more about the benefits of converting a private foundation to a donor advised fund.