Pure Works

Private Vs. Public Donations

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

Public

• No fees - simply fill out a donor form, or your check can be used as a tax receipt too
• Pure Works 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
• Pure Works verifies tax status for you
• Your contributions are confidential with Pure Works
• Cash gift deductions are 50% of your annual gross income and 30% for capital gain property