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 though 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. We recommend an initial $25,000 contribution, but you can build up to that over time.
- Donor Advised Impact Fund: Set up a Donor Advised Fund for a more immediate impact. Also called a flow-through fund, an Impact Fund allows you to organize your charitable giving and ensure your donations get to work in the community today.
- 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 Allison Felker 604-877-7241.