Nevada Community Foundation vs. Private Family Foundation
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|
NCF Donor Fund |
NCF Supporting Org |
Private Family Foundation |
|
Management and Investment |
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Grantmaking role for donor |
Yes |
Yes |
Yes |
|
Grant making to U.S. charitable organizations |
Yes |
Yes |
Yes |
|
Access to Nevada Community Foundation's grantmaking services |
Yes |
Yes |
Fee based |
|
Selection of outside investment managers |
Yes* |
Yes |
Yes |
|
Participation in Nevada Community Foundation's investments |
Yes |
Optional |
No |
|
Income-Tax Deductions |
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|
Percentage Limitations (Adjusted Gross Income) |
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|
Cash gifts |
50% |
50% |
30% |
|
Appreciated property |
30% |
30% |
20% |
|
Carry-forward available |
Yes |
Yes |
Yes |
|
Amount Deductible (subject to percentage limitations) |
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Appreciated unrestricted publicly traded stock |
FMV1 |
FMV |
FMV |
|
Appreciated restricted or non-publicly traded stock |
FMV |
FMV |
Basis |
|
Appreciated real estate |
FMV |
FMV |
Basis |
|
Other appreciated property |
FMV |
FMV |
Basis |
|
Operating Rules |
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Excise tax on net investment income (1-2%) |
No |
No |
Yes |
|
Minimum payout (5%) requirement |
No |
No |
Yes |
|
"Self-dealing" restrictions |
No |
No |
Yes |
|
Legislative advocacy |
Less restrictive |
Less restrictive |
Limited |
|
Expenditure responsibility requirements |
No |
No |
Yes |
|
Restrictions on scholarships and research grants |
No |
No |
Yes |
|
Start-up Costs and Annual Expenses |
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|
Offered by Nevada Community Foundation |
Yes |
Yes |
No |
|
Start-up costs |
None |
Variable2 |
$3000-$6000 |
|
Administrative expenses |
.5%-2% |
Variable2 |
1-4% |
|
Investment management |
Variable |
Variable |
Variable |
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Accounting and Tax Preparation |
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|
Separate tax return required |
No |
Yes |
Yes |
|
Tax returns open to public inspection |
Not applicable |
Yes |
Yes |
* Under special circumstances, assets may be managed by an outside investment manager, with approval and oversight by NCF's Board of Directors.
1 FMV (Fair Market Value)
2 Variable (Dependent on size)
3 Dependent on Fund Type