Close the foundation and transfer all assets to an Idaho Community Foundation charitable giving fund or provide annual grants to an ICF fund.
An ICF charitable giving fund relieves you and other board members of the complexities and costs associated with running a private foundation. We have several different fund options that may allow you to accomplish the charitable goals of your foundation and continue recommending annual beneficiaries.
Another option: If you’re not quite ready to terminate your private foundation, or would like to do so in incremental steps, you can make grants to ICF to create your own named fund or support an existing one. Granting to an ICF fund may help your private foundation meet the required minimum payout, and still allow your board to have advisory privileges.
Click here to email ICF for more information.
Click here to see a comparison between a private foundation and an ICF fund.