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Tax Comparison: Income Tax Deduction for Contributions (as a percent of Adjusted Gross Income) | |
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Private/Family Foundation | |
Donor Advised Fund | |
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Cash gifts | |
30% | |
50% | |
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Appreciated long term capital gain property donated by individual | |
20% | |
30% | |
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Carryover Available? | |
Yes | |
Yes | |
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Tax Comparison: Amount Deductible (subject to percentage limitations) | |
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Appreciated publicly traded stock | |
Fair market value | |
Fair market value | |
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Other appreciated property | |
Basis | |
Fair market value | |
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Annual Excise Tax | |
2% on net investment income and capital gains | |
None | |
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Penalty Taxes for self-dealing | |
Penalty taxes apply for prohibited transactions between donor and PF | |
None | |
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Management and organizational penalty taxes | |
Penalty taxes can apply regarding required distributions, excess business holdings, jeopardy investments, etc, | |
None | |
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