Opening a Donor Advised Fund, we call them Charitable Giving Funds allows you to make a gift to your community foundation, then remain actively involved in suggesting uses for your gift. Donor Advised Funds are convenient, flexible tools for individuals, families, businesses, or groups that want to be personally involved in suggesting grant awards made possible by their gifts. If you have a range of community interests, you may find that it’s an ideal vehicle for fulfilling your charitable wishes. Donor Advised Funds are typically less costly and easier to administer than other forms of philanthropic giving (such as family or corporate foundations). Charitable Giving (Donor Advised) Fund Agreement (Click Here) | How it works
• You make a gift to your community foundation—you can give cash, appreciated stocks, real estate, or other assets.
• We set up a special fund in your name, in the name of your family or business, or in honor of any person or organization you choose.
• You receive tax benefits in the year your gift is made.
• You recommend uses for the fund—working with our professional program staff to support the causes and organizations you care about most.
• Your recommendations are presented to our community foundation board for approval.
• We handle all the administrative details and issue grants to charities in the name of the fund you establish (if you prefer, grants can be made anonymously).
• Your gift can be placed into an endowment that is invested over time. Earnings from your fund are used to make grants addressing community needs. Your gift—and all future
earnings from your gift—is a permanent source of community capital, helping to do good work forever. |