CFP

Charitable Transfers - Donor Advised Funds

Donor Advised Funds
Donor advised funds are a simple way of setting up an individual, corporate or family legacy for charitable giving instead of gifting to charities directly. They consist of charitable giving accounts that are offered by a sponsor organization and often offer a less expensive alternative to setting up your own private foundation. You simply make your irrevocable, tax-deductible contribution into the account and then anytime thereafter make charitable grant distributions.

The account can be setup in the family name such as "The Thompson Family Foundation" and cash or appreciated securities can be deposited directly into the account, and invested until the account is instructed by the donor to make a charitable grant. The sponsor organization will perform the due diligence, record keeping and keep your donation anonymous if you desire.



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