Fewer ownership restrictions apply. The Foundation may hold any portion of equity interest in a business, such as a closely-held corporation. Fewer reporting requirements. The Foundation takes care of all reporting requirements for all of its funds. With a private foundation,a higher level of reporting to the IRS is required.
Donors can remain anonymous.
The Foundation allows you to retain your anonymity if you desire. A private foundation must make publicly available the identity of any substantial contributor. Fewer investment restrictions apply. The Foundation has great flexibility with its investment strategies. A private foundation may not make certain types of investments.