Factors
|
Commercial
Gift Fund
|
Private Foundation
|
Essex County Community Foundation
|
| Initial contribution |
$10,000 |
$5 million to be cost-effective |
$1,000 |
| Start-up costs |
None |
Legal and accounting fees |
None |
| Annual administrative fees |
1%-2.00% |
On-going legal and accounting fees |
1%-1.50% |
| Max tax deduction for gifts of cash (% of adjusted gross income) |
50% |
30% |
50% |
| Max tax deduction for gifts of appreciated securities |
30% |
20%
|
30%
|
| Must pay excise tax on investment |
No |
Yes (1-2%) |
No |
| Minimum pay out required |
No |
Yes (1-2%) |
No |
| Flexibility of choice |
Yes |
Yes |
Yes |
| How likely to be perpetual |
High |
High |
High |
| Requires donor time and expense |
No |
Yes |
No |
| Anonymity |
No |
No |
Yes (full anonymity if desired) |
| Grant making consultation |
No |
No |
Yes (no charge |
| Access to community-wide agency knowledge base |
No |
No |
Yes (no charge |
| Research and evaluation of charitable agencies |
No |
Must hire staff |
Yes (no charge |
| Agency liaison services |
No |
No |
Yes (no charge |
| Planned giving services |
Limited |
No |
Yes (no charge |
