If you are considering a private foundation, there is an alternative through Stifel Charitable Inc. The Stifel Donor-Advised Fund has all the elements of a private foundation but with greater tax benefits and without the administrative hassles.
|Fund Type||Donor-Advised Fund||Traditional Private Foundation|
|Grantmaking and Investments||Donor recommends grants to qualified nonprofit
Donor recommends investment advisor
|Donor appoints board, which controls investments and grantmaking|
|Tax Status||Covered under the Stifel Charitable Inc. public charity status||Must apply to IRS for private foundation tax-exempt status|
|Income Tax Deductions||Greater overall tax deductions:
||Less advantageous tax deductions:
|Grantmaking Expertise||Access to a team of experienced professionals who help identify and assess grantees
Extensive research, tools, and tips on effective grantmaking and other resources available
|Must research and make its own grants|
|Distribution Requirements||None||At least 5% of net asset value annually|
Stifel Donor-Advised Funds are handled by Stifel Charitable Inc., which is a 501(c)(3) non-profit organization. Stifel Financial Corp. companies, including Stifel, Nicolaus & Company, Incorporated, Stifel Bank, and Stifel Trust Company, N.A., provide services to Stifel Charitable Inc. Stifel does not provide legal or tax advice. You should consult with your legal and tax advisors regarding your particular situation.