What are the administrative costs associated with private foundations?


You want to maximize your tax benefits: With Daffy, you can receive an immediate tax deduction when you contribute to your account, and your funds can grow tax-free. Plus, Daffy is not subject to the 1 to 2% net investment income tax that private foundations must pay each year. In conclusion, while private foundations may be the right choice for some, the administrative costs and complexities associated with them can be daunting. Donor-advised funds like Daffy offer a simpler, more cost-effective, and flexible way to give. With Daffy, you can focus more on making a difference and less on paperwork and administrative tasks.

Please note that the information contained on this page is for educational purposes only and should not be considered tax advice. Any calculations are intended to be illustrative and do not reflect all of the potential complexities of individual tax returns. To assess your specific tax situation, please consult with a tax professional.

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