Donor Advised Endowment Funds

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 this type of fund is 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 will be commingled in the Community Foundation’s investment portfolio of over $25 million to increase its impact. You can add to the fund you establish at any time, receiving tax benefits with each new gift. When you establish a fund, you may make grant recommendations now or in the future. By endowing your gift, you ensure that it becomes a permanent community funding resource. Each year, the Community Foundation Board will authorize and approve the endowment spending policy for the next year based on recommendations from the Investment Committee. The annual distribution amount is currently 4% (with a goal of maintaining the established purchasing power of the fund in perpetuity).

How it works:

·         You make a gift

·         We set up a special fund in the name of your choosing

·         You receive immediate tax benefits but can make grants from your fund for years to come

·         Your gift is carefully invested and can grow over time; a portion of your fund can be used each year to address community needs

·         You can recommend uses for your fund and can take advantage of our professional grantmaking expertise

·         We handle all the administrative details so that you can focus on charitable giving