If you or your client are thinking about establishing a private foundation, consider a Donor Advised Fund at The Community Foundation Martin – St. Lucie (TCFMSL) . It is an easy, less expensive alternative to a private foundation. Advantages include greater tax benefits , fewer administrative requirements, no minimum annual required payout, and the potential for anonymity, as well as grantmaking assistance from our professional staff. With a donor advised fund, we handle the administrative, accounting, legal, and reporting requirements so your clients can focus on giving back. This comparison chart may help you determine which makes better sense for you or your client.