Options for Private and Family Foundations
Do you have a private or family foundation? NCCF staff can work with you and your professional advisor to ease your administrative burden, while continuing the work of your foundation.
Convert your private or family foundation to an NCCF Donor Advised Fund or Supporting Organization.
Donor-Advised Funds allow you to play an active role in grant‐making
without incurring the paperwork, taxes, and administrative expense of
maintaining a private foundation.
A Donor-Advised Fund
Supporting Organizations benefit from public charity status and
maintain the independence of a separate board of directors with
grant-making responsibilities, but with less expense and avoiding the
burden of meeting a public support test because they operate under NCCF.
Supporting Organization Board of Directors enjoy a high amount of involvement in their philanthropy while benefiting from the Community Foundation’s expertise in grant, investment, and administrative support.
"People don’t realize how expensive and time-consuming private foundations are to establish and maintain. It’s almost never financially advantageous to establish a private foundation. It’s almost always better to create a donor-advised fund with an organization like NCCF."
- Michael D. Rybak, Esq.
(860) 626-1245, Ext. 104