CFCG Funds Establish a Fund Types of Funds Benefits & Services Professional Advisors Memorials & Honoraria Donor Listing Organizational Endowment Funds	DONOR ADVISED FUNDS COMMERCIAL GIFT FUNDS PRIVATE FOUNDATION Donor Control Donor recommends grants to qualified nonprofits. Grants are approved by the Community Foundation’s Executive Committee and the investments are overseen by the Finance Committee of the Board of Directors. Donor recommends grants to qualified nonprofits, and may choose from among the firm’s investment options. Grants are approved by Trustees of the gift fund. Donor appoints Board, which controls investments and grantmaking. Tax Status Public charity—as a fund under the Community Foundation’s public charity status. Public charity—as a fund under the non-profit status of the firm’s charitable subsidiary. Private charity—as a separate 501(c)(3) organization under Section 509(a). Income Tax Deductions Gifts of Cash: Up to 50% of AGI. Stock: FMV up to 30% of AGI. Real Estate: FMV up to 30% of AGI. Cash: Up to 50% of AGI. Stock: FMV up to 30% of AGI. Real Estate: FMV up to 30% of AGI, if accepted by firm. Cash: Up to 30% of AGI. Stock: FMV up to 20% of AGI. Real Estate: Cost basis up to 20% of AGI. Philanthropic Services Professional staff is available to develop strategy, provide input on community needs, and identify, assess, and verify non-profit status of grantees. Donor education, family engagement, and peer networking provided as desired. Varies by firm. Most do not offer personalized advice on grantee selection or family engagement. Board must arrange and support their own grantmaking, monitoring and administrative structures. Start-up Considerations Initial costs: None Minimum contributions: $500 annual minimum fee Time to establish: Immediate Initial costs: None Minimum contributions: Typically $5,000 to $25,000 Time to establish: Immediate Initial costs: $3,000 to $6,000 for legal expenses and filing fees. Minimum contributions: Typically $10 million or more for cost efficiency Time to establish: Several months Annual Admin Requirements Fee: Tiered fee schedule beginning at 1% with a minimum annual fee of $500, plus investment management fees. Reporting: None Fee: Fees and investment expenses vary by firm. Reporting: None Fee: Several thousand dollars for legal and accounting expenses and filing fees. Reporting: 990-PF tax form must be filed annually. Annual Distribution Requirements None Varies. Typically 5% of average fund assets over five years. 5% of net assets annually, otherwise a 30% penalty tax. Excise Tax None None 1% to 2% of net investment earnings. Continuity Donor may name successor advisor(s) to the fund. Varies May continue to future generations. Privacy Donor may remain anonymous. Donor may remain anonymous. Officers, Directors, Trustees, corpus and grants listed in IRS Form 990-PF.