What are They?
A supporting organization—sometimes called a supporting foundation—is often used as a more efficient substitute for a private or family foundation. It is a separate nonprofit corporation that operates under MCF's charitable umbrella. Through its own board (on which the donor/s may choose to serve), a supporting organization determines its own investment strategy and grant priorities.

Highlights

• A separate board of directors controls investments and grant making.
  It is has flexibility similar to that of a private foundation, but donors avoid the associated costs, excise taxes, and legal and administrative obligations of a private foundation.
  
  
• Gifts to supporting organizations qualify for maximum tax benefits, including full deductions for contributions of real estate and closely held stock.  There is no excise tax on investment income.
  
  
• There is no minimum annual distribution requirement.
  
  
• MCF can make grant suggestions if desired, ensure that grantees are qualified charities, and follow up on how grants are put to use.
  
  
• Donors may appoint children and others of their choice to the board of directors.

For more information about how MCF can partner with you to serve your clients, contact Elizabeth Marlowe, vice president for Philanthropic Services, at 415.464.2517 or by e-mail; or Aviva Shiff Boedecker, director of gift planning, at 415.464.2516 or by e-mail. Or request a copy of You Have a Partner: An Introduction to the Marin Community Foundation for Professional Advisors. This guide provides an overview of the many ways we work with advisors to help them meet their clients' charitable needs.