Community vs. Private Foundation

The benefits of working with a community foundation - A Community Foundation makes giving easier with benefits similar to private foundations but without the drawbacks. 

  • The Greater Grand Island Community Foundation simplifies the donation process, thanks to a dedicated staff, assisting you in creating a clear gift agreement to establish your fund and fulfill your charitable goals. 

  • A Community Foundation provides efficiency by handling tasks like structuring the foundation, policy creation, asset investment, and tax filings for donors, offering better tax advantages compared to private foundations. 

  • You have the flexibility to define your fund's charitable purpose according to your preferences, allowing distributions to a diverse range of charitable organizations. 

  • Donors often name their funds after themselves, the person or group they want to honor, or select a generic name. Grant recipients are informed about the fund's name and donor advisor unless anonymity is requested. 

  • Many donors involve their children in philanthropy by making them co-advisors or successors to continue the charitable work. 

Click here to see our Community V. Private Foundation handout with more details

Turning Passion into Purpose.