Comparing Options

Things to Consider

Lodi Community Foundation

Commercial Investors (Fidelity, Schwab, Vanguard)

Private Foundation

Funds Offered

Endowments

YES

NO

YES

Charitable Checking Account

YES

YES

NO

Scholarship

YES

NO

NO

Memorial

YES

NO

NO

Philanthropic Services

Local Community Focus

YES

NO

DONOR DECIDES

Join Community of Donors

YES

NO

NO

Grantmaking Advice

YES

NO

NO

Donor Education on Local Issues

YES

NO

NO

Income Tax Deductions (% limitation on AGI)

Cash Gifts

50%

50%

30%

Appreciated Property – Long Term*

30%

30%

20%

Carry-Over Availability

YES

YES

YES

Amount Deductible

Appreciated Public Stock

FMV (Fair Market Value)

FMV

FMV

Other Appreciated Properties – Long Term

FMV

FMV*

BASIS

Minimum Annual Payout Requirement

NO

NO

YES (5%)

Federal Excise Taxes

NONE

NONE

2%

Administration and Fees

Start-Up Costs

NO CHARGE

NO CHARGE

$5,000-$20,000

Minimum Fund Size

$10,000**

Varies

$3 MILLION RECOMMENDED

Tax Return Preparation

YES

YES

NO

Accounting & Record Keeping

YES

YES

NO

Administrative Fees

1.5%**

0.5-2.5%

1-4%

Investment of Assets

YES

YES

NO

Investment Management Fees

VARIABLE

VARIABLE

VARIABLE

Liability Insurance

IN PLACE

IN PLACE

MUST PURCHASE