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True Independence |
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| in Donor Advised Funds |
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Comparison: Private Foundation with AEF's Donor Advised Fund
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Private
Foundation |
AEF’s
Donor Advised Fund |
| Valuation
for charitable deduction: closely held stock or real estate |
Cost Basis |
Fair
Market Value |
| Valuation
of publicly traded securities |
Fair
Market Value |
Fair
Market Value |
Income
tax deduction -
percentage of AGI, with 5 year carry over
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30%
for cash,
20% for appreciated assets |
50%
for cash,
30% for appreciated assets |
| Excise
tax on investment income |
1-2%
of income |
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| Set
up expense |
Costly |
No
set-up fees |
| IRS
approval process |
Time
consuming |
A
Fund can be established in less than a day |
| Annual
distribution requirement |
5% |
None |
| Investment
options |
Wide
range |
Wide
range |
| Preparation
of tax returns, IRS compliance, accounting, grants management, fiduciary
oversight, legal and audit |
Donor
must arrange for these services |
Provided
by AEF |
| Confidentiality |
*None
- All information is publicly available via form 990-PF |
Donor
has flexible options:
Full recognition,
or partial, or full anonymity
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*Private
foundations provide little confidentiality. With the advent of the Internet,
information is more available than ever. Today, anyone with a computer
can access Guidestar (www.guidestar.org) to gain information on any private
foundation, including a scanned version of its 990-PF. Available information
includes balance sheet detail (including investment holdings, a listing
of directors (including contact information), every grant that is made
(organization name and amount), and detail of administrative and investment
management expenses.
> HOME
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American
Endowment Foundation
A
National, Independent, Donor Advised Fund Program
1521
Georgetown Road, Suite 104
P.O. Box 911
Hudson, OH 44236-5911
1-330-655-7552 | 1-888-440-4233
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Charity
Navigator, America’s largest independent charity evaluator, has
awarded AEF its highest rating for the fifth consecutive year. According
to their report, AEF “…demonstrated exceptional financial
management, outperforming most of its peers in its efforts to allocate
and grow its finances in the most responsible way possible.”
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