Why Partner With CFSGA?
We are here to help you help your clients.
As an advisor, your clients trust you to help them manage their assets. Why not introduce them to the Community Foundation, South Georgia’s trusted source for charitable giving? We offer maximum tax benefits with flexibility in the types of funds we offer as well as the types of gifts we accept. Whether it’s estate planning, retirement planning, the sale of a business, or other major decisions, we want to help you help your clients achieve their philanthropic goals.
Why Should You Establish A Fund?
Donor Advised Fund VS. Private Foundation
Take a look at our Donor Advised Fund VS. Private Foundation to see which one is right for you. To learn more click the button below.
D.A.F.
STARTUP COSTS: None
EASE OF CREATION: Execute a simple Fund Agreement.
TAX BENEFITS: Taxpayer can deduct up to 50% of adjusted gross income for cash gifts.
Full fair-market value of gifts of appreciated property is deductible up to 30% of adjusted gross income.
EXCISE TAX: None
ACCOUNTING, INVESTMENT, AUDIT & TAX RETURNS: Community Foundation handles all investments and accounting, files annual tax returns, and provides annual audit.
INVESTMENTS: No federal investment requirements and no equity concentration restrictions.
GRANT DISTRIBUTION REQUIREMENTS: None (On donor’s timetable)
ANONYMITY: Donors’ names may remain anonymous to the public.
COSTS: Minimal
Private Foundation
STARTUP COSTS: Substantial
EASE OF CREATION: Involves the creation of a new organization, application for tax-exempt status, and expenditure of time and money.
TAX BENEFITS: Cash gift deduction is limited to 30% of adjusted gross income.
Only the cost basis of certain types of appreciated property is deductible, and deduction is limited to 20% of adjusted gross income
EXCISE TAX: Yes (Up to 2% on net investment income.)
ACCOUNTING, INVESTMENT, AUDIT & TAX RETURNS: Trustees must handle all investments and accounting as well as comply with detailed reporting requirements.
INVESTMENTS: Certain types of investments prohibited, and the foundation may not own more than 20% equity interest in a business.
GRANT DISTRIBUTION REQUIREMENTS: A distribution of 5% of net asset value is required each year
ANONYMITY: Names and addresses of contributors must be made available to the public.
COSTS: Substantial