Donor Advised Funds
"I am of the opinion that my life belongs to the community, and as long as I live it is my privilege to do for it whatever I can." - George Bernard Shaw
A Donor Advised Fund can be created by one or more individuals or by an organization such as a service club. For donors who want to avoid the expense and administrative burdens of creating a private foundation, (see Private Foundation Options) but who want to involve their family in local charitable giving, a Donor Advised Fund is frequently an attractive alternative. Using a donor-advised fund, a donor can make a donation to their fund, receive a tax deduction in the year of the donation, and then have the donor and family remain actively involved in the fund’s charitable grantmaking for unlimited generations. A donor-advised fund at The Community Foundation can make grants to any charity in the United States, including houses of worship, schools and universities. There are two types of Donor Advised Funds:
Temporary Donor Advised Funds Permanent Donor Advised Funds
Advantages of Donor Advised Funds A Word on Payout
The purpose of a Donor Advised Fund is to permit the involvement by donors in the charitable activities and interests of the Foundation. They are designed to create a meaningful exchange of ideas between the donor and the Foundation, and to supplement and increase the impact of the general charitable activities of the Foundation. These funds allow donors to make recommendations to the Board of the Foundation for support of local (and sometimes non-local) charitable agencies. The Foundation must determine that the recommended grantee is tax-exempt, can use the grant for the charitable purposes recommended by the donor, and is generally within the purview of the Foundation's grantmaking. All grant recommendations are reviewed by the Board of Directors after staff review.
For more information contact President/CEO, Dan Baldwin or call 831.375.9712 x115.
Confirmed in Compliance with National