Helping your clients determine how to best implement their personal legacy needs to weigh issues of responsibility, control, flexibility, and cost.  Invite us to join in your conversations with your clients. . . we’ll bring value and unique options to the table.

Elements Donor Advised Funds at CFLNFC Private Foundation
Cost None Incorporation fees, legal fees, accounting fees
Timeframe Paperwork approved within days Generally months to more than a year for final IRS approval
Financial Limitations Considered endowed $10,000 ($25,000 for Scholarship Funds) Most experts recommend at least $5 million
Cash Gifts Up to 60% of Adjusted Gross Income Up to 30% of Adjusted Gross Income
Publicly Traded Securities Fair Market Value up to 30% of Adjusted Gross Income Fair Market Value up to 20% of Adjusted Gross Income
Real Estate and Closely Held Stock Fair Market Value of up to 30% of Adjusted Gross Income Fair Market Value up to 20% of Adjusted Gross Income
Corpus or Fund Assets No payout requirements. Donor can distribute far more than 5% if wished! Required annual payout of at least 5% of assets
Tax Status Fund becomes a “component” fund of CFLNFC, a 501(c)(3) public charity A 501(c)(3) Private charity
Excise Tax on Investment Income none Up to 1.39% various taxes on net investment income
Tax Filings and Financial Audit All inclusive under CFLNF Must prepare and file Form 990PF, State Filings
Donor Can receive optimal publicity OR choose total anonymity Donors are publicly cited on Private Foundation Tax Return published online
Staffing CFLNC staff is YOUR personalized staff and grant making expert Must hire, oversee, administer, etc.
Grants Due Diligence Grants laws and regulations closely monitored and adhered to. Staff help to identify, investigate, assess grantees Must stay in step and aware of current laws, perform due diligence
Investment Management Benefits from our oversight and knowledgeable investment policy for endowment and grant making Responsibility of trustees
Documentation Fund Agreement provides flexible approaches, including donor involvement in grant recommendations Must maintain bylaws and policies
Timespan Flexible and forever Most private family foundations seek professional oversight after three generations as family shift, move, loose interest
Summary Flexibility, greater tax advantages, low administrative costs, efficient & knowledgeable grant making, increased privacy, credible investment practices, legal policies in place Autonomous Control