Moving your private foundation to a Giving Fund

This guide covers the details of converting a private foundation into a Giving Fund at NCF. It’s created for families who want to keep giving without the administrative and other work it takes to run a foundation.

The document will explain what the transition entails:

• Start with the board, authorizing dissolution under governing documents and law
• Pay all outstanding liabilities before the foundation’s last calendar year ends
• Grant remaining cash and securities to the new NCF Giving Fund
• Comply with state dissolution requirements, which can take several months
• File a final Form 990-PF with the IRS

Read this overview if you’re considering winding down your private foundation and you want a simpler way to do all your giving in one place.