Supporting Organizations is an alternative to the cost and administrative burden of a private foundation. It is a separate nonprofit corporation or trust that operates under CFMT and qualifies as a public charity. A supporting organization can still have its own board, grant-making priorities and processes yet maintain all the tax benefits of a Donor Advised Fund.

• Lower setup costs and administration expenses than a private foundation.
• Maximum tax benefits, including full deductions for contributions of real estate and closely held stock. There is no excise tax on investment income.
• No minimal annual distribution requirement.
• Beneficial structure to involve of business leaders or next-generation family members in philanthropic leadership.
• Donors can establish a new Supporting Organization with an initial $5 million gift.
  *Note that an existing private foundation with $5 million or more can be converted or terminated into a Supporting Organization with CFMT. Supporting organizations pay an annual fee to CFMT for the work provided.