Private Foundation

For Professional Advisors

Creating a Donor Advised Fund or Supporting Organization with the Community Foundation are easy, low-cost alternatives to forming and administering a private foundation. These options come with many advantages, including a lower cost and administrative burden - while still allowing your client to take an active role in grantmaking. For a more in depth comparison, click here.

Here are some of the advantages for your client:

They can rely on the Community Foundation’s expertise to inform their grantmaking. We are community based and know both the issues facing Weld County and the organizations addressing them.
Family members can actively participate in grantmaking, and can involve multiple generations.
Our funds have no minimum, annual payout requirement.
Unlike a private foundation, a community foundation is a public charity so your client pays no excise taxes, are exempt from private foundation reporting requirements, and operate with minimal administrative costs.
The fund can continue forever, create a lasting legacy by carrying on the family name.

Giving should be rewarding, satisfying and fun but it can also become a burden. Decisions about who will run the foundation, its grantmaking priorities and strategies, and the details of the grantmaking process may be more work than your client anticipated. If your client has a private foundation and has realized it is not as easy or rewarding as it once seemed, we can help transfer private foundation assets to a fund at the Community Foundation. Please contact us if you are interested in our staff assisting you with this process.

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