Options for Giving
Individuals and families who are committed to philanthropy usually choose one of the following ways to conduct their charitable giving:
Donor Advised Funds
Through an agreement with The San Diego Foundation, a donor's contribution establishes a fund named by the donor. The fund is managed and administered by The San Diego Foundation. The donor may advise The Foundation about preferences regarding grant recipients and gift amounts. Distributions are made in the fund's name and the donor receives regular financial statements. As the fund is considered part of The San Diego Foundation's holdings, it receives the maximum tax benefits accorded to public charities, and the donor is not responsible for the tax filings. All information may be private, if the donor chooses.
Private Foundations & Family Foundations
Private foundations allow extensive donor control over distributions and board selection. They are subject to administrative costs and concerns, annual minimum distribution requirements and excise taxes. Gifts to Private Foundations or Family Foundations are more limited in their tax deductibility and all information about the foundation is readily available online, including assets, grants, investments, board members. Please contact us for more information at GivingTeam@sdfoundation.org or 619-235-2300.
Supporting Organizations
Through a unique collaboration with The San Diego Foundation, one can form a supporting organization. Structured as a separate corporation, a supporting organization maintains its own nonprofit board, bylaws, articles of incorporation and financial statements. By sharing management and administration with The San Diego Foundation, a supporting organization is particularly cost effective. Most importantly for tax purposes, it is considered a public charity, entitling its donors to the most generous charitable tax deductions available.