A Donor Advised Fund is a strategic, efficient charitable giving tool that helps you support the causes and issues you care about while providing tax benefits back to you. A Donor Advised Fund can be structured in different ways:
- Donor Advised Endowed Fund: A Donor Advised Endowment Fund is similar to a charitable trust with the fund holder (the person or persons who establish the fund) making annual granting recommendations with money generated from the income. Your donations are invested for the long term, with a portion of the income generated available for granting. An Endowment Fund is a way to provide reliable, ongoing grants to your chosen charities, and you can also contribute to it through a gift in your will. Donors can also make grants out of the capital of their fund, or flow money through us when they want to directly support other charities. The minimum contribution to establish a Donor Advised Endowment Fund is $25,000.
- Donor Advised Legacy Fund: You can also set up a Donor Advised Fund now that will be activated through a gift in your will. Choose the charities or causes you wish to support now, and change it during your lifetime, without redrafting your will.
For more information, contact:
Terran Bell
Manager, Donor Relations
604-877-6584
Terran_Bell@Vancity.com