Many philanthropists use the Foundation as an alternative to or in concert with a private foundation.
- Some private foundations may have ambitious granting plans but a small or nonexistent staff to execute them. Your private foundation can retain the Foundation to provide consulting in the development and execution of granting programs. By partnering with the Foundation, the private foundation can identify important community needs and achieve significant impact.
- Establishing a donor advised fund or a supporting family foundation can be an easy alternative to a private foundation. If you already have a foundation, you may wish to consider a simpler alternative without the recurring costs, restrictions and compliance requirements of a private foundation. You can terminate a private foundation easily and transfer the remaining assets to establish a donor advised fund. Then, you can take advantage of the Foundation’s philanthropic services and continue to pursue your charitable objectives with ease and efficiency through your named fund.
- You can also establish a donor advised fund at the Foundation to be the recipient of the mandatory annual five percent distribution of the private foundation. The private foundation’s contribution to the donor advised fund is a “qualifying distribution” that counts toward the payout requirement. You can take your time and deliberate on the grants to be recommended from the fund and gain the added benefit of the Foundation’s philanthropic services.
- The Foundation welcomes the participation of private foundations in Philanthropy Connections—a good opportunity to network with other funders and learn about community needs.
Compare Us with Private Foundations
Learn more about private foundations by contacting Marjory Kaplan, CEO or Charlene Seidle, vice president, philanthropy, or fill out form and the Foundation will contact you.