Establishing a Fund

Donor Advised Funds

Donor advised funds provide maximum convenience and flexibility by enabling donors to address a wide variety of issues as their charitable interests and priorities change over time. With this type of fund, the donor makes suggestions for distributions to specific charities.

For the donor who wants to involve children or grandchildren in a family tradition of giving, a donor advised fund is the perfect vehicle.

A donor advised fund offers a convenient way to use appreciated property rather than cash for contributions, and many donors choose this type of fund to simplify their annual charitable giving. The Foundation manages check writing, reporting and paperwork.

A donor advised fund may be created with an initial gift of $10,000 or more. Donor advised funds can be established so that all or a portion of the principal is available for grantmaking, or so that grants are made from fund earnings, preserving principal in perpetuity. A donor who creates a donor advised fund recommends grants from the fund during his or her lifetime, and may identify successor advisors or the causes or organizations that Foundation will continue to support, in the donor's name after death. The Foundation's stewardship ensures that the donor's charitable intent is always fulfilled.