| Features |
St.
Lawrence Donor Advised Fund |
Private
Foundation |
| Initial set-up and annual
costs to donor |
No
Costs |
Substantial
Costs |
| Donor need counsel to establish |
No |
Yes |
| Donor responsible for record
keeping and tax return preparation |
No |
Yes |
| Maximum
income tax charitable deduction allowed |
30%
AGI for long term
appreciated assets; 50% AGI for cash |
20%
AGI for long term
appreciated assets; 30% AGI for cash |
| Minimum annual payout required |
No,
for at least 3 years |
5%
of foundation assets |
|
Minimum initial gift |
$100,000 |
Recommended
at least
$1 million |
| Investment benefit from commingling
with larger endowment |
Yes |
No |
| May be used to fulfill personal
pledges |
No |
No |
| Advisory privilege to designate
other charities as gift recipients |
Yes,
up to 50% |
Yes |
| Donor may designate family
member for advisory role |
Yes |
Yes |
