<h1>Tired of time consuming IRS compliance?</h1>

You can take an easy step now to reduce or eliminate the time-consuming efforts to satisfy the increased scrutiny of your private foundation by Congress and the IRS. The onus on your foundation manager to properly manage your private foundation has increased dramatically, along with the annual administrative costs. According to the IRS this record keeping and tax return preparation takes an average of 200 hours a year. And the 2010 Form 990-PF is more complicated and time consuming than ever! 

A <a href="http://www.waterstone.org/?/solutions/donor_advised_funds" title="WaterStone Donor Advised Fund (DAF)">WaterStone Donor Advised Fund (DAF)</a> is the relief you've been looking for to reduce or eliminate the record keeping, filing and other administrative responsibilities associated with a private foundation. <b>With a WaterStone DAF, WaterStone has complete fiduciary responsibility, and your annual administrative costs are much lower because of economies of scale and the elimination of a separate tax return. </b>

With a private family foundation, the Federal Government is your partner enforcing rules that restrict your freedom, your flexibility and your options while imposing stiff penalties if you fail to comply with their requirements. <b>With a Donor Advised Fund, WaterStone is your cooperative, public, nonprofit partner giving you the freedom of living a generous life.</b>

A WaterStone DAF is your low cost, time saving philanthropic vehicle! 

<em>Note: The information provided herein is for informational purposes only and should not be interpreted to constitute legal and/or tax advice. Donors should consult their legal and tax advisors regarding their specific situations.</em>