|Up to 20% of adjusted gross income
|Up to 30% of adjusted gross income
|Closely held stock
|Deduction limited to basis
|Deduction at fair market value
|Usually 2% of investment income annually
|Annual 990-PF must be filed by foundation or hired staff
|None required of the donor. Community foundation handles all reporting.
|Must research and identify agencies/ programs to fund
|Community foundation program staff educates donors regarding worthy agencies and programs; provides information on qualified giving opportunities
|Must ensure all recipients are qualified 501(c)(3) organizations
|Community foundation verifies organization’s status. Plus, donors can access the community foundation’s grantmaking services
|5% annual distribution required Self-dealing restrictions
|None. Donors can make grant recommendations at their discretion.
|Tax return is public record
|Donor may choose to remain anonymous