Comparison of the Conservancy's Donor Advised Fund to a Private Foundation*

Features	The Retirement Resource Organization Donor Advised Fund	Private Foundation
Start-up fees	No	Yes
Excise taxes	No	Yes
Donor responsibility for record keeping and tax return preparation	No	Yes
Basis of income tax charitable deduction for gifts of appreciated property	Market value	Cost basis
Maximum income tax charitable deduction allowed per year	30% of adjusted gross income for property; 50% for cash	20% of adjusted gross income for property; 30% for cash
Tax on net investment income	None	2%
Advisory privileges	Yes: The Retirement Resource Organization receives at least 20% and other charities receive up to 80%	Yes
Donor can designate an advisor for future years	Yes	Yes

* This chart reflects current laws and could change.

Donor Advised Fund

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