When you want to make a difference in your community by creating a private family foundation, consider using the Community Foundation of Johnson County instead. It will save you time and resources.
When you create a donor–advised fund with us, we provide relief from the administrative responsibilities of managing your own private foundation, including accounting, grant application due diligence, investment of the assets, and IRS reporting. Your fund is included in the Foundation’s state and federal reporting, tax returns, audits, and filings. You can retain the joy of giving and the satisfaction of shaping your philanthropy; we take care of all the required reporting and administration.
Benefits of a Community Foundation donor-advised fund include:
- Maximizing your tax savings and simplifying charitable giving;
- Providing access to professionals who can advise and inform on local nonprofit organizations and community needs;
- Creating a fund without having to dedicate your gift to a single charitable organization or local cause;
- Exposing your children or grandchildren to the joys and responsibilities of philanthropy;
- Ensuring your philanthropic interests will continue in perpetuity;
- Allowing you to establish a named fund or remain anonymous in your giving; and
- Making the same impact as a private foundation without the administrative burden.
See a comparison of a private foundation and a donor-advised fund at the Community Foundation in the chart to the right.
