Donor Advised Fund
A personal approach to giving.
Opening a Donor Advised Fund allows
you to make a gift to your community foundation, then remain
actively involved in suggesting uses for your gift.
Donor Advised Funds
are convenient, flexible tools for individuals, families,
businesses, or groups that want to be personally involved in
suggesting grant awards made possible by their gifts. If you
have a range of community interests, you may find that it’s an
ideal vehicle for fulfilling your charitable wishes. Donor
Advised Funds are typically less costly and easier to administer
than other forms of philanthropic giving (such as family or
corporate foundations).
Your gift can be
combined with others to increase its impact, and you can add to
the fund you establish at any time, receiving tax benefits with
each new gift. You can establish a fund today and make grant
recommendations now or in the future. And if you endow your
gift, it becomes a permanent community funding resource.
How it works:
-
You make a gift
to TCF—you can give cash, appreciated stocks, real estate,
or other assets.
-
We set up a
special fund in your name, in the name of your family or
business, or in honor of any person or organization you
choose.
-
You receive tax
benefits in the year your gift is made.
-
You recommend
uses for the fund—working with our professional program
staff to support the causes and organizations you care about
most.
-
Your
recommendations are presented to our community foundation
board for approval.
-
We handle all
the administrative details and issue grants to charities in
the name of the fund you establish (if you prefer, grants
can be made anonymously).
