Is a Private Foundation Really Your Best Option?
Use this checklist to weigh the complexities and costs of managing a private foundation and determine if it’s truly the best fit for your philanthropic goals.
If you answered “no” to any of these questions, a Simplified Private Foundation Fund may be a better fit for your philanthropic needs.
Why Choose a Simplified Private Foundation Fund?
Starting a private foundation can be rewarding, but it often comes with legal feels, tax complexity, and significant overhead. At Pinellas Community Foundation (PCF), we offer a smarter alternative that helps you stay focused on your giving, not the paperwork.
With a Simplified Private Foundation Fund, you receive:
Unlike a traditional private foundation, we handle the details so you can focus on what matters most: making a lasting impact and building a legacy.
How Does It Compare?
Now let’s take a closer look at the difference between a Simplified Foundation Fund at PCF and starting your own private foundation.
What You Get with PCF vs. What You Manage on Your Own
| RESPONSIBILITY | WITH PCF | WITH A PRIVATE FOUNDATION |
|---|---|---|
| Mission Development | Included as part of fund setup | Reqires hiring consultants |
| Grantmaking Support | Included and guided by PCF | You must manage or outsource |
| Tax Preparation & Compliance |
Fully handled by PCF | Requires professional services & oversight |
| Accounting & Recordkeeping | Built into your fund services | Must be contracted and monitored |
| Technology & Access Philanthropy Education |
Secure online portal provided | Must build or license systems |
| Philanthropy Education | Available as a resource | Not typically offered |
| Anonymous Giving Option | Yes donate anonymously with ease | Not available |
Curious about the full breakdown of responsibilities and costs? Download our brochure for the full side-by-side.
Simplify Your Legacy. Maximize Your Impact.
You want your charitable dollars to go farther and your legacy to endure. But managing a private foundation comes with layers of complexity, cost, and compliance that can distract from the joy of giving.
With PCF, families can focus on giving back instead of managing legal, tax, and administrative burdens. Here is why families choose PCF:
Your Time Matters
Launching a private foundation can take months, and maintaining it often costs tens of thousands each year. With a Simplified Private Foundation at PCF, you can start giving immediately, with low overhead and high-impact results.
We provide expert support, trusted local partnerships, and peace of mind, so you can focus on what inspired your giving in the first place.
See how much time and money you could save. Get the full comparison in our brochure.
Already Have a Private Foundation? We Make Transferring Easy
If you’re managing an existing private foundation and finding the administrative responsibilities demanding, you’re not alone. Many families and philanthropists have made the switch to PCF’s Simplified Private Foundation Fund, and we make the process seamless.
We’ll guide you through every step, including:
You keep the spirit of giving, without the stress of running a foundation.
Pinellas Community Foundation is a 501(c)(3) nonprofit organization registered with the state of Florida. A copy of the official registration and financial information for Pinellas Community Foundation (CH3646) may be obtained from the Division of Consumer Services by calling toll-free within the state 1-800-HELP-FLA (435-7352) or visiting www.FDACS.gov. Registration does not imply endorsement, approval, or recommendation by the state. Your gift may be tax-deductible; please consult your tax professional to explore your benefits.
