Donor-advised funds (or charitable giving funds) are the fastest growing philanthropic planning vehicle in today’s wealth management marketplace. Donor-advised funds have risen dramatically in popularity over the last several years.
This type of giving vehicle is popular because they allow an individual or family to make a tax-deductible transfer that qualifies as a charitable contribution, and then later recommend gifts to favorite charities from the fund when the time is right.
A donor-advised fund operates a lot like a checking or savings account just for charity, and it’s established according to the IRS guidelines that create the tax advantages.
Whether you support a few charities or many charities each year, a donor-advised fund is a useful tool. Furthermore, the tax advantages set the donor-advised fund apart from other vehicles.
Donor-advised funds are available through a variety of providers. Community foundations are uniquely positioned to offer donor-advised funds with the inherent tax and transactional benefits you expect, plus the added advantage of deep community knowledge and a well-connected team of experts to enrich one’s philanthropic experience.
In today's social impact culture, charitable individuals want to be connected to well-respected community institutions. The team at the Community Foundation would be honored to work with you and your family to meet your own charitable giving objectives.
Please reach out to the Community Foundation for Palm Beach and Martin Counties at (561) 659-6800 to get started.
Sheila Kinman, CAP® is the Senior Vice President for Philanthropic Giving at the Community Foundation where she helps donors design and fulfill their charitable giving goals. She is also a Charted Advisor in Philanthropy (CAP®), a designation that provides knowledge for guiding charitable individuals, businesses and foundations.