In looking to create a charitable vehicle, you may be considering whether to establish a private foundation or a donor-advised fund (DAF). At the most basic level, the difference – private foundation vs. donor-advised fund – is control. A private foundation is a freestanding legal entity over which the donor retains complete control. A donor-advised fund is a giving account within a sponsoring charitable organization. The donor makes recommendation as to how those funds are invested and granted out, but the sponsoring organization must give its approval. Read the full brochure to learn more.
Foundation Source's expert-curated comparison chart will help you determine which charitable vehicle is right for you. In it, you can expect to learn the following: