How They Work
Supporting organizations are distinct legal entities
affiliated with The San Diego Foundation by their purposes and their operations. Supporting organizations may have their own letterhead, checkbooks, investment managers and may even publish their own annual report.
For individual donors, supporting organizations are an excellent way to gain the participation and visibility traditionally associated with a private foundation, without the paperwork or overhead. For private foundations concerned about continuity or maintaining their impact, supporting organizations provide a simple, effective way of ensuring that the foundation's mission is not eroded by time and overhead.
The board of the supporting organization decides when and to whom grants will be given. Because of its association with The San Diego Foundation:
- Gifts to the supporting organization are accorded a greater tax deduction than those given to a private foundation
- Overhead costs are cut
- Administrative responsibilities are reduced.