FOR PROFESSIONAL ADVISORS: Overview • Right for Your Client? • Advantages Giving Now Giving Later • Bequest Language Types of Funds Comparing Donor-Advised to Private Foundations FAQs Resources Legacy Foundation Financial Information Planned Giving Weekly News	For Professional Advisors Comparing Donor-Advised Funds to Private Foundations Donor-Advised Fund: This allows donors to make suggestions on which charitable causes should be supported each year and can provide a way to communicate family or individual charitable values. Contributions to donor-advised funds qualify for full tax deductibility, but donors may carry excess deductibility over for as many as five additional years. One may contribute to the fund at any time and the donor may work for the Foundation for grant making. Private Foundation: This allows extensive donor control over distributions and board selection. However, they are highly controlled by the government with many special restrictions, including administrative and reporting burdens, excise taxes, and a required minimum payout. In recent years, significant limitations on charitable deductions available for gifts to private foundations have minimized the appeal of this tool for wealthy individuals.
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