SUPPORTING ORGANIZATIONS
We have listened to the philanthropic community; the options available,
particularly to donors interested in donor advised funds, are limited. In
response, Waverly Management has put the pieces in place to offer
sophisticated philanthropic clients a turn-key, cost-effective solution in the form of a 990 Supporting Organization.
A supporting organization is a 501(c)(3) charity that is classified as a public charity
rather than a private foundation. This is because it supports a public charity and is one of the few organizations that receives the benefits of public charity status for
tax deductibility and operation without having to satisfy the public support test. A supporting organization can be classified as a public charity if there is one donor or a host of donors and can host Donor Advised Funds.
We handle it all. By adhering to our mission, we offer an innovative solution with all of the benefits and none of the burdens: Simplicity, Flexibility, Maximum Tax Benefits, Ease of Administration and Cost-effectiveness.
Supporting Organizations:
SUPPORTING ORGANIZATIONS:
FEATURES:
- Allow philanthropists maximum tax benefits (up to 50% of AGI) for contributions and
can hold donor advised funds, real property, etc.
- Eliminate excise tax on investment income
- Retain significant control for donors (particularly if they establish DAFs)
- Avoid minimum required payouts and other private foundation restrictions
- Require a smaller and more focused Board with its own mission and spending policies
- Minimize the management responsibilities of a nonprofit organization staff or
programs
- Reduce the administration and documentation requirements of a private foundation
structure
W
M
AVERLY ANAGEMENT
LLC
You are viewing the text version of this site.
To view the full version please install the Adobe Flash Player and ensure your web browser has JavaScript enabled.
Need help? check the requirements page.
