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The Youngstown Foundation

Youngstown Foundation VS. Private Foundations

The costs of establishing and running a private foundation can be overwhelming. Traditionally, assets in excess of $5 million are needed before the private foundation becomes a cost effective alternative.

As a community foundation, The Youngstown Foundation provides donors with all the functionality of a private foundation, but with significant economic and administrative advantages.

The advantages of working with The Youngstown Foundation are:


Establishing Funds

The Youngstown Foundation

Established with one signed document.

Private Foundation

Corporation or trust must be established; donor appoints board of trustees.

Tax Status

Automatically covered under The Youngstown Foundation's tax exempt status.

Must apply to IRS for private foundation tax exempt status which can take 6 months or longer.

Excise Taxes


1-2% of Net Investment Income.

Cash Gifts

Deductible up to 50% of adjusted gross income.

Deductible up to 30% of adjusted gross income.

Publicly-Traded Securities

Fair market value up to 30% of adjusted gross income.

Fair market value up to 20% of adjusted gross income.

Real Estate/Closely-Held Securities

Fair market value up to 30% of adjusted gross income.

Deductible at cost basis.

Distribution Requirements


A minimum of 5% of average asset value must be paid out each year.

Grantmaking Expertise

Have access to a team of The Youngstown Foundation experts who help identify and assess grantees. Extensive research, tools and tips on effective grantmaking and other resources available.

Trustees must arrange, administer and support grantmaking and monitoring structure.


Donor recommends grants to qualified nonprofits.

Trustees control grantmaking.

Annual Tax Returns and Audit

The Youngstown Foundation files annual tax returns and provides an annual independent audit.

Trustees must file an annual tax return or hire staff to do so.


The Youngstown Foundation assets pooled into a larger portfolio enabling it to diversity investment, decrease management fees and ensure superior returns.

Trustees must handle.

General Administration

The Youngstown Foundation handles it all.

Trustees must handle.

Privacy vs. Publicity

Donors, their funds and grant awards can remain anonymous or can be promoted with The Youngstown Foundation's marketing/public relations network.

Required to filed detailed tax returns which are public records.

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