Creating an affiliate foundation under the Oshkosh Area Community Foundation umbrella may be a good alternative for donors considering a private foundation. An affiliate foundation is a distinct legal entity affiliated with the Community Foundation. As such, the affiliate foundation qualifies for a tax status not granted to private foundations.
In addition to having its own board of directors, an affiliate foundation can have its own letterhead, checking account and investment manager. It can even publish its own annual report.
For individual donors, affiliate foundations are an excellent way to gain the participation and visibility traditionally associated with a private foundation without the paperwork or overhead. For private foundations concerned about continuity or maintaining their impact, affiliate foundations provide a simple, cost-effective way to ensure that the mission is not eroded by time and overhead.