The best replacement for private foundation is public charity.

The best alternatives to private foundation are rated as following:
★★★★★  public charity
★★★★  public foundation
★★★  private operating foundation
★★★  donor advised fund
★★  501c3
★  charitable trust
★  public charity irs
★  supporting organization
★  community foundation
★  family foundation
★  501 c 3
★  charity
  charitable organization
  endowment
  operating foundation
  charitable
  nonprofit organization
  corporate foundation
  donor advised funds

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