Private vs. Public Foundations

Private

Cost of attorney and accounting fees
Record keeping, bookkeeping and preparation of tax returns
Pay 2% excise tax on any investment income annually
5% of private foundation assets must be distributed annually to avoid income tax
Verification of all charities for income tax purposes
All information of contributions and disbursements are public record
Cash gift deductions are limited to 30% of your annual gross income and 20% on capital gain property

No fees - simply fill out the donor form
KWF handles all bookkeeping and tax receipts
There is no tax on any investment income
There are no minimum annual distribution requirements for a public foundation
KWF verifies tax status for you
Your contributions are confidential with KWF
Cash gift deductions are 50% of your annual gross income and 30% for capital gain property