Converting a Private Foundation to a Philanthropic Fund

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Do good, greater.

Converting a Private Foundation to a Philanthropic Fund

If you would rather focus more of your energy on giving to the community and less on the administrative work of running your private foundation, consider converting to a philanthropic fund. Converting to one of several fund types at the Hawai‘i Community Foundation is a simple, streamlined process that involves the transfer of assets to HCF.

By converting your private foundation

A donor-advised fund at HCF is a simple and flexible option that enables donors to keep their foundation’s identity and recommend grants to charities of their choice. Similarly, a signature fund at HCF offers as much hands-on involvement as desired; it can be managed much like a foundation with a committee of advisors making grant recommendations. Whatever type of fund you choose, the Hawai‘i Community Foundation will handle all of the administration, reporting, and filing required.

into a philanthropic fund at the Hawai‘i Community Foundation (HCF), you can avoid the administrative, compliance, and tax burdens of maintaining the private foundation, and still fulfill your foundation’s charitable purpose.

A philanthropic fund offers several benefits:

It is SIMPLE to set up

There may be significant TAX ADVANTAGES

The names of donors and grants can be kept CONFIDENTIAL

There is NO MINIMUM distribution requirement


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Converting a Private Foundation to a Philanthropic Fund by Hawaii Community Foundation - Issuu