|
1 |
Legal Entity |
Established by III Cord Foundation,
Inc. |
|
2 |
Tax Status |
Public charity |
|
3 |
Valuation of gifts, other than
publicly traded stock |
Fair market value |
|
4 |
Tax Deductibility of Donations |
50% of AGI for cash gifts; 30% of
AGI for long-term capital gains upon certification by
IRS. |
|
5 |
Taxes paid |
None |
|
6 |
Tax Returns
(State & Federal) |
Separate fund report not needed |
|
7 |
Annual Payout Required |
None |
|
8 |
Governance |
Not required |
|
9 |
Legal & Tax Counsel |
Retained by Compassion International
Foundation |
|
10 |
Accounting & Audit |
All funds consolidated, no separate
report |
|
11 |
Grants |
Suggested by donor & those appointed
by donor |
|
12 |
Assets |
Investments pooled |
|
13 |
Asset Investment |
Policy & mechanisms set, results
measured & monitored |
|
14 |
Fund Corpus |
Ability to invade corpus determined
by Donor at inception of fund |
|
15 |
Knowledgeable Staff |
In place |
|
16 |
Administration |
In place through III Cord Foundation |
|
17 |
Public Report |
Part of the Compassion International
Foundation report |
|
18 |
Operating Expenses |
Paid to III Cord Foundation;
currently 5% annually on first million; 1% on assets
over one million |
|
19 |
D & O Insurance, Surety Bonds |
In Place |
|
20 |
Gift Acceptance Policy & Procedure |
Established by III Cord
Foundation |
|
21 |
Complex Gift Planning |
In place through III Cord
Foundation |