facebook twitter instagram linkedin google youtube vimeo tumblr yelp rss email podcast phone blog external search brokercheck brokercheck Play Pause

Charitable Giving

What Is a Donor Advised Fund? 

A donor-advised fund account is a simple, tax-smart investment solution for charitable giving. You can set up an account and contribute cash, securities, or appreciated assets. You’ll be eligible for a current-year tax deduction and can be more strategic about your giving decisions.

Features

  • Simple: You can open a donor advised fund in approximately 24 hours and get started with as little as a $5000 irrevocable contribution with no minimum annual distribution requirement, then issue grants to causes that are important to you.
  • Flexible: Grants are permitted to IRS-qualified public charities based in the U.S. or for international granting. 
  • Convenient: Recommend grants online or through a mobile app. You can also set up recurring gifts over time.
  • Cost: Startup and ongoing administrative costs are low when compared to expenses of a private foundation.
  • Privacy: Grants can be made anonymously and names of donors can remain confidential.
  • Board of Directors: Not required.
  • Tax Efficient: You can minimize capital gains taxes and make additional contributions anytime. Deductions are limited to 60% of adjusted gross income for cash gifts and 30% for real property or stocks. 
  • Establishes a Legacy: Donor advised funds can be used alone or in tandem with a private foundation or trusts. You can name your fund to include your family and name successors to the account so that your legacy can continue on even after death.

Contact us for details or questions on how to get started.

What you'll need in order to get started with an application:

  • U.S. permanent resident address
  • Social Security Number
And if applicable
  • Employer’s name and mailing address
  • Name and email address of additional account holders
  • Name and date of birth of successors
  • Name of charitable beneficiaries

To direct support locally, donors may wish to consider recommending a grant to their local community foundation. The Council on Foundations provides a search tool which will help identify the appropriate community foundations. Community foundations have invaluable knowledge and resources to help donors maximize the impact of their support in local communities affected by the spread of COVID-19. Donors may also access a tool which will help them identify community foundation-sponsored COVID-19 funds for specific geographic locations.