Private Foundations and Donor-Advised Funds: A Side-by-Side Comparison

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Categories: Advisors Starting a Foundation

Search Topics: Foundations vs. Donor-Advised Funds Private Foundation Basics

In looking to create a charitable vehicle, you may be considering whether to establish a private foundation or a donor-advised fund (DAF). At the most basic level, the difference between a DAF and a private foundation is the construct, or form, in which each entity is created and operated.

A private foundation is a wholly distinct, tax-exempt legal entity governed by its own set of bylaws, articles of incorporation, etc.

A donor-advised fund is a giving account that is offered by and housed in a public charity, which may be connected to a community foundation, a financial institution, or a university.

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