| Exempt from income taxes? |
Yes |
Yes |
Yes |
Yes |
| Contributions Tax-Deductible? |
Yes (for itemizers) |
Yes (for itemizers) |
Yes (for itemizers) |
Yes (for itemizers) |
| Tax Deductibility |
DAFs are afforded the same generous tax-deductibility limits as PCs. This includes deductions of up to 50% or 60% (in 2023 and 2024) of adjusted gross income for gifts of cash and deductions of up to 30% of AGI for gifts of appreciated, publicly traded securities. |
PCs are afforded the most generous tax-deductibility limits. This includes deductions of up to 50% or 60% (in 2023 and 2024) of adjusted gross income for gifts of cash and deductions of up to 30% of AGI for gifts of appreciated, publicly traded securities. |
POFs are afforded the same generous tax-deductibility limits as PCs. This includes deductions of up to 50% or 60% (in 2023 and 2024) of adjusted gross income for gifts of cash and deductions of up to 30% of AGI for gifts of appreciated, publicly traded securities. |
Gifts to PFs have lower limits when it comes to tax deductibility. Cash gifts are deductible up to 30% of adjusted gross income and gifts of appreciated, publicly traded securities are deductible up to 20% of AGI. |
| Minimum Distribution Requirement? |
No |
No. Public charities are not subject to excise tax regulations. Many (most) nonprofits will incur expenses directly for the conduct of exempt activities, this is not a requirement. Some organizations may accomplish their exempt purposes incurring no or virtually zero expenses (e.g. via volunteers) |
No. POFs are not subject to the minimum distribution requirement – primarily because they are required to expend funds on programmatic activities to maintain their POF status. |
Yes. PFs must pay out 5% of their net investment assets annually. Typically, this takes the form of grants to US-based public charities. |
| Subject to Excise Tax? |
No |
No. Public charities are not subject to the annual excise tax. |
Yes. Most POFs are subject to this tax but some may be exempt. |
Yes. PFs must pay an annual excise of 1.39% of their net investment income. |
| Subject to Excise Tax Regulations? |
No |
No |
Yes, except there is no minimum distribution requirement. Some POFs may be exempt from the annual excise tax. |
Yes |
