Donor-advised funds: They're all about making giving easier
A donor-advised fund offers the opportunity to create a low-cost, flexible method of charitable giving as an alternative to direct giving or creating a private foundation. Donors enjoy administrative convenience, cost savings and tax advantages by conducting their grantmaking through the fund.
3 benefits of setting up your own fund
When you establish a donor-advised fund with the Community Foundation, you:
Have access to the expertise of the Community Foundation’s professional staff
May add to your fund at any time and receive an immediate tax deduction
Have the opportunity to give anonymously, if desired
Engaging the next generation
Donor-advised funds offer the option of allowing your children to participate as advisors during your life or to become advisors after your death. More people are choosing this option to include the next generation of family philanthropy, passing along the joy and values of charitable giving.