| Capstone Legacy Foundation | Private/Family Foundations |
Cash Gifts
|
| Tax deduction of up to 50% of Adjusted Gross Income (AGI). | Tax deduction of up to 30% of Adjusted Gross Income
(AGI). |
| Stock: Publicly Traded
& Closely Held |
| Tax deduction of 100% of fair market value up to 30% of AGI. |
Tax deduction of 100% of fair market value up to 20% of AGL
|
Real Estate
|
| Tax deduction of 100% of fair market value up to 30% of AGI. | Tax deduction limited to cost basis up to 20% of AGI. |
Tax Exempt Status
|
| Capstone Legacy Foundation is a 501(c)(3) public charity and is fully
tax exempt. | Private foundations are subject to excise taxes and 5%
payout requirements. |
Annual Tax Returns
|
| Individual funds are not required to file. Capstone Legacy Foundation
prepares and files all tax reports to the IRS. | Must file annual Federal 990-PF and supporting schedules
which indicate staff salaries, investment performance, fees,
etc. |
Establishing A Fund
|
| A Capstone Legacy Foundation fund can be established in one day
with a simple document and minimal fees. | Establishing a new foundation requires extensive legal,
accounting and operational expenses on an on-going basis. |
| Investments |
| A diversified portfolio and economies of scale offer greater cost-
efficiencies and minimize risks. Capstone Legacy Foundation and its
affiliate funds work with professional money managers, with its
board of directors providing experienced oversight. | Selection of investment strategies and professional fund
advisors can become a very time consuming responsibility
for a private foundation's Board of Trustees. |
Expertise
|
| Capstone Legacy Foundation’s experienced board and staff can
provide expertise to donors on a wide range of gift management,
finance, and fund administration issues. | Must hire staff or board members to carry out
administrative tasks on their own. |
Grantmaking
|
| The Capstone staff assists donors with grant administration, research,
and program evaluation to ensure maximum community and
Kingdom impact. | Requires extensive time to review proposals, investigate
community needs, confirm status of grantees and evaluate
previous distributions. |
Accountability
|
| Capstone Legacy Foundation conducts an independent audit each
year. Publication of an annual report, public disclosure of grants and
thoughtful selection of board members ensures funds are used in the
communities' best interests. | Laws and regulations governing private foundations differ
greatly from those of public charities and may require
expensive specialized legal and finance expertise. |
Privacy
|
| Individual donors or grants can be kept private. If the donor wishes,
Capstone Legacy Foundation can serve as a buffer between the donor
and grant-seekers. | Required to file tax returns on grants, investment fees, staff
salaries, etc. These are public records and are compiled into
grant-seeker directories. |