			<h2>Overcoming Private Foundation Hurdles</h2>
			
        <p>Several years ago Mr. and Mrs. Richardson realized the administration of their private foundation was creating hurdles that kept them from the philanthropy they loved. They were tired of time consuming IRS compliance and concerned that much of their personal time was being robbed by the administrative requirements of their private foundation. 
Although they wanted to simplify their grant making process, they also wanted to regain the confidentiality they had lost through their private foundation. 
Mr. and Mrs. Richardson were particularly concerned that their estate would not be used wisely and in a way pleasing to the Lord after their passing. 
        </p>
        <p>
Joining a growing trend, they chose to enhance their private foundation with a Donor Advised Fund (DAF) at a public foundation. Other philanthropists are choosing to shut down their private foundations and roll them into a DAF. The Donor Advised Fund concept was designed as a service by public charities in reaction to the Congressional Tax Reform Act of 1969 which increased regulation of private foundations. The limitations, complexities, taxes and expenses of a private foundation simply disappear with the Donor Advised Fund.
        </p>
        <p>Read more about overcoming private foundation hurdles through a WaterStone Donor Advised Fund!</p>
        <ul>
            <li>
                <strong><a href="/?/solutions/private_foundation_alternatives/irs_compliance">IRS compliance</a></strong>
            </li>
            <li>
                <strong><a href="/?/solutions/private_foundation_alternatives/5_grant_requirements">5% grant requirements and integrity of purpose</a></strong>
            </li>
            <li>
                <strong><a href="/?/solutions/private_foundation_alternatives/tax_headaches">Tax headaches</a></strong>
            </li>
            <li>
                <strong><a href="/?/solutions/private_foundation_alternatives/public_access">Public access to your benevolence</a></strong>
            </li>
         </ul>
        <p>You can once again experience the joy of generous living! Whether you consider converting your private foundation to a DAF, or choose to ease in to the transition by adding a Donor Advised Fund, WaterStone has the experience to assist you with either approach.</p>

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<h2>Gather more information here. Take the next step!</h2>
<p></p>
<ul>
<li><a href="/?/solutions/private_foundation_alternatives/compare_private_foundation_vs_daf">Compare Private Foundations vs. Donor Advised Funds at a Public Foundation.</a></li>
<li><a href="/?/solutions/private_foundation_alternatives/how_to_roll_a_donor_fund">Read “How to Roll a Private Foundation into a Donor Advised Fundâ€ by a Colorado attorney.</a></li>
<li><a href="/?/solutions/private_foundation_alternatives/make_the_changes_now">Make Changes Now to Overcome the Hurdles of a Private Foundation.</a></li>
<li><a href="http://www.waterstone.org/?/solutions/donor_advised_funds">Gather WaterStone Donor Advised Fund information.</a></li>
<li><a href="http://www.waterstone.org/?/about_us/financial_integrity/financial_summary_audit">Evaluate the WaterStone Financial Audit.</a></li>
</ul>

