A separate nonprofit corporation with its own identity and structure offering a cost-effective, simplified alternative to a private foundation.
- Separate nonprofit corporation with its own identity and structure offering a cost-effective, simplified alternative to a private foundation
- Established by donor(s) to make donations to charitable organizations through a board of trustees, with a majority elected by the Jewish Community Foundation Orange County
- Avoids many of the restrictions and requirements of private foundations
- Qualifies for the maximum charitable income tax deduction allowed to public charities, which exceeds the deduction allowed to private foundations
- Additional contributions can be made at any time in any amount
- May remain in perpetuity
