Private Foundation Resources
The Community Foundation can work with a private foundation to alleviate administrative burdens, fully leverage tax benefits, engage family members and help achieve grant making priorities.
Alleviating Administrative Burdens
Individuals or groups managing an existing private foundation may find it no longer suitable or convenient to do so. Common issues such as having no family members or friend volunteers available to run the foundation, cumbersome administrative burdens or the size of the private foundation is too small to justify the operational costs to name a few.
Fulfilling Annual Distribution Requirements
Private foundations may not receive sufficient applications within its focus area, or a chosen project might not be ready to proceed. In these situations, a donor advised fund can be established at the Community Foundation; a private foundation can then contribute all or part of the current year's required distribution to the fund which, if preferred, can be anonymous.