ALTERNATIVE TO A PRIVATE FOUNDATION
n Individual established a private foundation, but has been over burdened by the administrative tasks such as filing
IRS Form 990-PF, quarterly excise taxes, and grant administration.
n Children live in different states and bringing them together has proven more difficult than originally assumed.
n Individual wants a vehicle from which to plan grants, but would like to eliminate the administration.
n Individual was under the impression that they could make anonymous donations from a private foundation.
n Individual would prefer to keep their giving consolidated into one charitable vehicle.
n Individual is looking for a vehicle that will cut the costs and time associated with administering a private
n Individual wants a solution to provide a centralized online account management solution.
n Individual is uncomfortable with the public disclosure requirements of a private foundation and would like
a giving vehicle that would allow the ability to grant anonymously.
n Individual would like a vehicle that would allow each child to plan his or her own giving.
n Individual chooses to collapse foundation into a newly established Fidelity® Charitable Gift FundSM Giving Account®
in the name of individual family members. They have the ability to collapse into individual Giving Accounts in the
name of each child.
n The Gift Fund can provide instructions about how to file the final tax return to the IRS.
n Provides a way for the Individual to meet their philanthropic goals and support charities during lifetime and beyond.
n Subject to certain requirements, Individual can recommend their own investment advisor to manage the
Gift Fund’s assets.
n Charities supported by Individual, through their Giving Account, can potentially receive larger grants.
n No federal excise tax.
n Ability to recommend grants anonymously.
n Individual is eligible for a tax deduction of the shares up to 30% of their Adju