Tax Benefits
  Private Foundation LCF Community Impact or Designated Funds LCF Donor Advised Fund LCF Supporting Organization
Administration Detail annual filing with IRS LCF carries out all record-keeping and accounting LCF carries out all record-keeping and accounting LCF carries out all record-keeping and accounting
Grantmaking Expertise For larger foundations, a professional staff LCF staff assistance to review and monitor proposals LCF staff assistance to review and monitor proposals LCF staff assistance to review and monitor proposals
Control Trustees have complete control of distributions and responsibility for asset management LCF Board of Directors responsible for grantmaking to carry out donor's intent and asset management Donor advisors recommend grant recipients to LCF Board for approval; Board responsible for managing assets Own Board of Directors responsible for grantmaking and asset management
Cost Legal and accounting fees, insurance, office space, staff and operational costs No cost to establish; investment and management fees No cost to establish; investment and management fees Cost to establish; investment and management fees
Legal Identity Separate nonprofit entity (Donor's choice of name) Fund of LCF (Donor's choice of name) Fund of LCF Donor's choice of name; separate nonprofit entity affiliated with LCF
Tax Status Private Foundation Public Charity Public Charity Public Charity
Taxation of Investment Income 2% Annually None None None
Payout Requirement Annual grants must equal 5% of corpus None None None
Deductibility of Gifts Deductible up to 30% of adjusted gross income; gifts of appreciated property deductible at fair market value (up to 20% of AGI) Deductible up to 50% of adjusted gross income; gifts of appreciated property deductible at fair market value (up to 30% of AGI) Deductible up to 50% of adjusted gross income; gifts of appreciated property deductible at fair market value (up to 30% of AGI) Deductible up to 50% of adjusted gross income; gifts of appreciated property deductible at fair market value (up to 30% of AGI)
401 Main St., Ste. 205
La Crosse, WI 54601
Phone: (608) 782-3223
           
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