If you would like to start a fund but have several different charities you like to give to each year, then a Donor Advised Fund is a great choice. A Donor Advised fund allows you philanthropic flexibility when it comes to your annual giving and provides significant benefits that make it a popular alternative to establishing a private foundation.

Giving becomes convenient and personal with a Donor Advised Fund, which offers a hands-on approach to philanthropy. Donors make a charitable contribution to the fund, receive an immediate tax deduction and then recommend grants from the fund over time to their favorite programs and ministries.  Contributions to the fund are invested to grow tax-free for future giving.

Benefits of Creating a Donor Advised Fund

  • Immediate tax deduction with the option of deferred charitable distribution
  • Consolidates your charitable giving, providing administrative convenience
  • Flexibility to choose multiple grant recipients
  • Ability to add to the fund at any time
  • Make donations anonymously, if desired
  • Wish to create a family legacy of faith – name your children, grandchildren or other loved ones as successor advisors to the fund
  • Open with cash, marketable securities or other assets
  • Invested in accordance with the United States Catholic Bishops guidelines for Socially Responsible Investments which then grows tax free

If you are interested in learning more or starting your own donor advised fund, please visit Open a Fund.

*The Catholic Community Foundation of Southwest Florida does not provide legal, tax or financial advice.  When considering gifting options, seek the advice of your own legal, tax and/or financial professionals.

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