Open A Donor Advised Fund

 

At the Community Foundation for Palm Beach and Martin Counties, you can set up a charitable giving account - also known as a donor advised fund - to help organize and maximize your giving. 

"It would not be possible for me to provide meaningful guidance as a Donor Advisor without the help and counsel of Community Foundation staff and officers," - Peter Bermas, donor advisor. 

To open a Donor Advised Fund, email Sheila Kinman at kinman@cfpbmc.org or call (561) 659-6800.


How Donor Advised Funds Work:


Donor Advised Funds operate much like private foundations, but without the administrative burdens or paperwork. Here are some of the advantages: 

  • Local staff with in-dept knowledge to help your charitable giving strategy and goals.
  • Contribute when needed, and receive an immediate income tax deduction.
  • Enjoy a quick and easy set-up with no minimums.
  • Make grant recommendations at your convenience to any qualified charity in the United States.
  • The Community Foundation handles the paperwork for you by issuing payment to your chosen charities.
  • Or - take advantage of online fund account access and grant distribution through your secure personal online grant portal.
  • Select recognition or anonymity on a grant-by-grant basis, or for all of your activities.
  • Select from many investment portfolio options, including personalized options with your own investment manager.
  • Involve your children and other relatives to preserve a family tradition of giving back to the community. 

View a chart comparison of a Donor Advised Fund and a Private Foundation. 

Read more about transferring a private foundation to a Donor Advised Fund here. 

View our Donor Advised Fund flyer here. 

Gifts to a Donor Advised Fund can be made during life or by bequest or other planned gift.

To open a Donor Advised Fund, email Sheila Kinman at kinman@cfpbmc.org or call (561)340-4503.