There's an easier way to accomplish your philanthropic goals. Many families and individuals with private foundations have made the switch to either a donor advised fund or a supporting organization.
Donor-Advised Funds and Supporting Organizations benefit from more efficient administration, grantmaking support and reduced tax and reporting burden.
The Paso del Norte Community Foundation supports private foundations into transitioning to effective and cost-efficient giving vehicles.
|
Donor Advised Funds |
Private Foundations |
|
|---|---|---|
|
Start-Up Time |
Immediately |
Weeks or months to establish. |
|
Start-Up Costs |
None |
Legal fees can be substantial. |
|
Admin & Management Fees |
0.35% - 0.85% |
2.5% to 4.0% or more |
|
Tax Deduction for Cash Gifts |
60% of adjusted gross income |
30% of adjusted gross income |
|
Tax Deduction for Stock or Real Property |
30% of adjusted gross income |
20% of adjusted gross income |
|
Required Grant Distribution |
None |
Must expend 5% of net asset value annually - regardless of how much the assets earn. |
|
Excise Taxes |
0% |
1% to 2% of net investment income annually |
|
Privacy |
Names of individual donors can be kept confidential, and grants can be made anonymously. |
Must file detailed and public tax returns on grants, investment fees, trustee names, and more |
|
Admin Responsibilities |
Recommend grants to favorite charitable causes |
Manage assets, keep records, select charities, administer grants, file tax returns, and more. |
Your can donate cash directly into your fund via check, direct deposit or credit card via our online giving page.
Tangible personal property. Examples may be real estate, oil, gas, or mineral interests.
Bequests, appreciated securities, life insurance, retirement plans, and charitable remainder trusts, and more.
You're free to support any charity or charities of your choice, or designate your fund for a specific cause you're passionate about.
Nonprofit organizations - Support any registered 501c3 public charity in good standing in the U.S. or Mexico.
Existing Foundation Initiatives or Funds - Support one or more of the existing impactful charitable funds in the Paso del Norte Community Foundation.
Initiatives of the Fundacion Paso del Norte - Support health and well-being in Ciudad Juárez with a gift to our partner Foundation in Ciudad Juárez.
Initiatives of the Paso del Norte Health Foundation - Support the Health Foundation’s mission or any of its initiatives to promote health and prevent disease in the region.
The Paso del Norte Community Foundation is committed to helping you reach your charitable goals. Our individualized service allows us to work with you and/or your professional advisors, discuss complex gifts and facilitate family engagement in charitable giving, if desired. We work one-on-one with you every step of the way to ensure you create a giving plan you believe in.
Detailed reports ensure you always know your fund value and allow you to feel secure that your giving is making the impact you wanted.
Feel confident by having your financial advisor present during meetings and involved at any time you wish.
Our network of nonprofit partners puts us directly in-tune with our community's needs so that we can advise you on where your your donation can have the greatest impact.
Ready to get Started?
Mica Short has experience in the local nonprofit and philanthropic space. She can be a resource to you as you consider making a lasting impact through a charitable giving fund.
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