Family Foundation Funds provide donors and their families with an efficient and effective way to conduct their philanthropy and provides them the opportunity to focus their energies on the true joys of philanthropy rather than the administrative burdens of maintaining a private foundation.

• $250,000 minimum to establish
• Donor may allow their current financial advisor to manage the assets
• Family member/committee recommends grants to any 501 (c) (3) in U.S., approval required by The Pittsburgh Foundation Board
• Better tax benefits

                0 Tax deduction limits for gifts of cash = 50% AGI for a Family Foundation Fund at The Pittsburgh   
                   Foundation vs. 30% AGI for a private foundation

                           0 Tax deduction limits for gifts of stock = 30% AGI for a Family Foundation Fund at The Pittsburgh  
                              Foundation vs. 20% AGI for a private foundation

• Grant checks cut weekly
• Ability to distribute grants from prinicpal, to minimum required fund balance
• No mimumum payout for a Family Foundation Fund at The Pittsburgh Foundation vs. 5% minimum annual payout for a private foundation
• No excise tax paid with a Family Foundation Fund at The Pittsburgh Foundation vs. 2% of net investment income paid annually with a private foundation
• Expertise of The Pittsburgh Foundation staff available for funding opportunities consultation
• Built in peer networking
• Informational sessions and activities on charitable organizations and issues
• Unlimited successor advisors
• Legacy planning
• On-line grant recommendation system available

What our donors are saying

You could have your own foundation, and we thought about that for about five seconds,” Joe said. “The Pittsburgh Foundation does everything the way it's supposed to be done.  I feel very comfortable having the Pittsburgh Foundation handle our interests.  It's been a wonderful experience for us and the kids.” – Joe and Carol Massaro