A Donor Advised Fund at The Foundation works like a personal, private foundation: you have the power and flexibility to make grant recommendations without the hassle and expense of running your own foundation. When you place your money in a donor advised fund with The Foundation, you’re assured that The Foundation will responsibly steward the growth of the fund, and direct its charitable giving in a manner consistent with your wishes.

With a Donor Advised Fund, you can introduce your whole family to philanthropy.  And your charitable giving can be extended for generations to come, as younger family members become more involved and eventually direct the funds themselves. To create a Donor Advised fund, you must give a minimum of $5,000 to The Foundation.

Donor Advised Funds may be held in either of the below structures:

Spend Down

With a Spend Down Fund, gift principal and investment income earned is fully available for granting. An annualized administrative fee is assessed. The minimum grant request is $100.

Endowment

Endowment Funds allow you to provide stable, perennial financial support to the organizations, needs and causes most important to you. Endowments operate much like a private foundation, yielding a set percentage for granting each year, but without the need for you to manage the legal reporting requirements or staffing needs. You may recommend current and future grant recipients or enrich the lives of your children by passing your giving legacy to them. Investment income accrues to the fund, and an administrative fee based on a percentage of assets supports The Foundation’s operations.

You may contribute to these funds at any time, receiving the maximum tax benefit allowable with each new gift.

Fund assets in excess of $1 million may recommend an alternative investment advisor or manager for their funds.

Donor Services

Donor-Advised Fund donors enjoy a wide variety of professional strategies and services that make charitable giving easy and flexible.
See our donor services and benefits.