Starting and managing a private foundation can be a rewarding but complex endeavor. From legal requirements and tax filings to administrative burdens and high operational costs, many families find that traditional private foundations require more effort than expected. Fortunately, there’s a better way to give back—without the hassle.
At Pinellas Community Foundation (PCF), we offer the Simplified Private Foundation Fund, a streamlined alternative that provides all the benefits of a private foundation without the heavy lifting. Here’s why more philanthropists are making the switch.
Lower Costs, Greater Impact
Traditional private foundations often come with high startup costs—legal fees, incorporation expenses, and consulting services can easily reach $35,000 or more. Then, there are the ongoing administrative costs, staffing, tax preparation, and investment management fees that can total $100,000+ per year.
With PCF’s Simplified Private Foundation Fund: No costly legal filings, no excise taxes, and no excessive administrative burdens—just more giving with fewer expenses.
Say Goodbye to Administrative Headaches
Running a private foundation means handling IRS compliance, tax filings, board meetings, and investment management—all of which take time and expertise.
With PCF: Our team takes care of all compliance and reporting, so you can focus on your philanthropy instead of paperwork.
Maximum Flexibility, Minimal Restrictions
Private foundations are required to distribute at least 5% of their assets annually, and they are subject to excise taxes on investment income. Managing grant distributions and ensuring compliance with these rules can be challenging.
With PCF: You enjoy the flexibility to grant on your terms with no required annual payout and no excise tax.
Professional Investment & Grantmaking Support
For private foundations, managing investments and grant distributions requires hiring financial advisors, accountants, and legal experts. These additional costs can eat into the funds meant for charitable giving.
With PCF: Our expert grantmaking team and professional investment management services handle everything, ensuring your philanthropic dollars are used wisely and effectively.
Quick & Seamless Setup
Establishing a private foundation can take months, involving complex paperwork and IRS approvals. For those who want to make an impact sooner rather than later, this timeline can be frustrating.
With PCF: Your Simplified Private Foundation Fund can be set up in days, not months, so you can start giving immediately.
Make the Switch Today
If you’re looking for an easier, more cost-effective way to create a lasting philanthropic legacy, PCF’s Simplified Private Foundation Fund is the perfect solution.
Learn More & Download the Brochure: Simplified Private Foundation Fund Brochure
Ready to Get Started? Contact us directly and explore how we can simplify your giving journey.
