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Professional advisors can help their clients who are thinking about creating a private foundation - and those managing an existing private foundation - by showing them all of the options available. The Community Foundation can be an effective partner or alternative in many situations faced by your clients.

Many clients want to start a private foundation but cannot make the financial and time commitments necessary to make this a wise choice for them. Others of your clients may have established a private foundation, only to learn that it is more trouble to operate than they thought it would be - or it has become too expensive to operate, due to decreases in the value of the private foundation's assets.

The Community Foundation offers many different fund types to address the issues faced by your clients. Many find that establishing a donor advised fund or a supporting organization with the Community Foundation is an attractive and cost-effective solution. These arrangements with the Community Foundation receive better treatment under the Internal Revenue Code than the treatment afforded to private foundations. (Please click here (Download Adobe PDF Document) to review a comparison of the features and benefits of donor advised funds, supporting organizations and private foundations.)

The Community Foundation can also be an effective partner with existing private foundations. We can work together on grant opportunities, assist with annual payout requirements and serve as a vehicle for the orderly termination or transition of private foundations. A summary of some of these solutions is found on our Foundation Services page.

Please call us at (313) 961-6675 to learn more about how we can help you and your clients who are considering a private foundation or who are facing difficulties with managing an existing private foundation.