Donor Advised Funds

 

A personal approach to giving.  Establishing a Donor Advised Fund allows you to make a gift to your community foundation then remain actively involved in suggesting uses for your gift. You can work with the community foundation's professional program staff to suggest ongoing uses for the fund - targeting the issues you care about most. Grant awards are issued to charities in the name of the fund (or anonymously if you prefer). It's a simple, powerful and highly personal approach to giving.

 

Individual Donor

A personal connection.

When Alex Dorado retired, he wanted a way to give more to his community. "I've lived here my whole life, and now that I have more time and resources, I can give back to a number of causes and organizations that are very special to me," he says. Alex and his financial advisor met with their community foundation to discuss ways Alex might increase the impact of his giving and gain maximum tax advantage. Alex chose to establish a Donor Advised Fund in his family's name. He now meets with the community foundation's professional program staff to recommend grants in the areas he cares about most. "Last year, based on my recommendations, the fund bought uniforms for an after-school sports league and supported an adult literacy program," reports Alex. "This is a great way to stay involved and use what I have to make a difference in the community I love."

 

Family Donor

Sharing family values.

"We wanted to share our community values with our children and share our family values with our community," says Sara Lin, explaining why she and her husband Peter established the Lin Donor Advised Fund at their local community foundation. Every year, the Lins and their children meet with community foundation staff to recommend uses of the fund. Two years ago, they recommended that it be used to help start an inner-city daycare center. Last year, the fund helped expand the hours of this center, in addition to supporting an area arts camp. "We look forward to a day when we might involve our children's children in giving back," says Sarah.

 

Business Donor

A better approach.

TRI, a company with a tradition of giving back, receives many requests for donations. In the past, company president Anthony Hall found it hard to decide which appeals to respond to. and even harder to know if his company's charitable gifts made a difference. Three years ago, the company established a Donor Advised Fund at the local community foundation. Each year, partners add a percentage of profits to the fund. A team of employees from TRI meets with the community foundation to review local needs and recommend grants. Anthony says, "Our company is able to do much more through our community foundation."