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The Support Organization is an attractive alternative to forming a private foundation. The following benefits exist due to its public charity status acquired through affiliation with CREATE Foundation:
- Maintains its own separate legal non-profit status
- Maintains its own board of directors
- Maintains its own grantmaking policies
- Contributions earn maximum tax deductibility
- There is no minimum payout for grants
- No excise taxes are assessed
Besides easing the administrative and cost burdens of managing a private foundation, affiliating with CREATE Foundation as a support organization allows you to take advantage of many aspects of our public charity status.
Benjamin and Corinne Pierce Charitable Foundation: The Pierce family is hard at work in Alcorn County, providing support to organizations they care about through their Foundation.
The Henry Mize Foundation: Mr. Mize established this Foundation to provide support to three organizations that he loved.
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