A donor-advised fund is a charitable giving vehicle through which a donor contributes cash or other assets to create a fund for managing his or her philanthropy. The donor recommends grants to favorite charities and causes while we provide expert advice, verify the charitable nature of the organizations, writes the checks and manage all tax, legal, and accounting matters.

We offer both endowed and non-endowed donor advised funds. Endowed funds are perpetual in that a Board-approved percentage of each fund is distributed on an annual basis. The minimum gift to establish an endowed donor advised fund is $5,000. Non-endowed funds are not perpetual in that each fund may be distributed in any amount as recommended by the donor and the fund may be depleted. There is no minimum gift for establishing a non-endowed fund.

Donor advised funds are the fastest growing vehicle for charitable giving in the country.  They offer donors many benefits:

● Double Tax Advantage

Donors needing a large income-tax deduction in the current tax year can establish a fund, receive the necessary deduction, and then take several years to distribute the money to their preferred charities. Donors can also give highly appreciated stock to avoid capital gains and other tax consequences.

● Flexibility

These funds allow donors to support the causes and programs that are important to them, now and in the future. Non-endowed funds may be added to by donors, spent down, or converted to endowed funds at any time by notifying the foundation and making a gift to bring the fund to the minimum amount established in our Gift Acceptance Policy.

● Convenience

Upon establishing the fund, donors simply make grant recommendations to Foundation staff and we do the rest.

● Recognition

Grant awards may be issued in the name of the fund or anonymously.