Wyoming Community Foundation

Private Foundation Comparison

Private Foundation Comparison

Income Tax Deductions for the Donor	Private Foundation	Wyoming Community Foundation
Percentage Limitations (adjusted gross income)
Cash gifts	30%	50%
Capital gain property	20%	30%
Carry-over available	Yes	Yes
Amount Deductible* (subject to percentage limitations)
Capital gain publicly traded stock	Basis	Fair market value
Other capital gain property	Basis	Fair market value
*Assumes that the donor’s income is sufficient to allow for the full deduction

Operating Rules of Internal Revenue Code	Private Foundation	Wyoming Community Foundation
Excise tax on investment income	Yes	No
Application of minimum payout requirement	Yes	No
Application of restrictions on "self dealing"	Yes	No
Restriction on holding interests in business	Yes	No
Prohibition against grants to support lobbying	Yes	No (but restrictions apply)
Application of expenditure responsibility procedures	Yes	No
Possibility of advisory role for donor in grantmaking	Yes	Yes
Possibility of legal control by donor in grantmaking	Yes	No

Accounting and Tax Preparation	Private Foundation	Wyoming Community Foundation
Separate tax return required	Yes	No
Separate account statements required	Yes	No
Tax returns open to public inspection	Yes	Yes (except for donor lists)

Investment and Administration	Private Foundation	Wyoming Community Foundation
Opportunity to participate in community foundation's investment pools	No	Yes
Possibility of donor control over investments	Yes	No
Access to advice and counsel from professional staff	Only if staff is employed or retained on a consulting basis	Yes
Possibility of grantmaking to out-of-state charities	Yes	Yes, in most cases
Feasibility of grantmaking to foreign charities	Yes	No, in most cases