Donor Advised Funds
Your clients can simplify their charitable giving by establishing a standard or an endowed donor advised fund. Either way, they — or anyone else they name — will be able to make recommendations to the Community Foundation as to which charities should receive grants from the fund. Donor advised funds afford your clients the flexibility to make contributions at any time and receive an immediate tax deduction. Granting also occurs on their schedule, providing them the option to begin immediately or at a future time. All the while, the Community Foundation carefully invests the fund’s assets to leverage opportunities for market growth. In short, a donor advised fund is a very appealing, low-cost alternative to a private foundation, one that offers superior tax benefits without the administrative burdens and responsibilities.