Advantages
Donor recognition
A supporting organization provides the same visibility as a private foundation. Members of the board can serve as officers and, as such, can sign the grant checks and the grant award letters.
Tax benefits
Because The San Diego Foundation is a public charity, supporting organization donors receive the most generous tax deductions allowable. If closely held stock is used to make a gift, the donor's deduction is based on current market value rather than original cost.
Investment management
The supporting organization maintains a separate portfolio, and its board selects its own investment manager. The investment management fee depends greatly upon the market value of the supporting organization's assets. Substantial fee discounts often can be arranged if one of the foundation's existing investment managers is selected.