There are a number of ways to find a local donor advised fund. The first is to contact your local community foundation. Many community foundations have donor advised funds and can provide you with information about how to establish one.
Another way to find a local donor advised fund is to contact your financial advisor. Many financial advisors work with clients who want to establish donor advised funds and can provide you with information about how to set one up.
Finally, you can search the internet for donor advised funds in your area. A number of websites provide information about how to establish and maintain these types of accounts.
What is a Donor Advised Fund?
A donor advised fund is a type of giving account that allows donors to make charitable contributions and receive an immediate tax deduction. Donors can then recommend grants from the fund to their favorite charities.
Donor advised funds are an excellent way to support your favorite charities while receiving some tax benefits. These types of accounts also offer flexibility, as you can change the charities you support at any time.
If you are interested in establishing a donor advised fund, there are a few things you should keep in mind.
First, you will need to find a sponsoring organization. This can be a bank, broker dealer, or community foundation. Second, you will need to decide how much money you want to contribute to the fund. Finally, you will need to choose a charity or charities that you want to support.
Once you have established a donor advised fund, you can make contributions to it at any time. You will also be able to recommend grants from the fund to your favorite charities. These grants are typically made on a quarterly basis.
If you are looking for a way to support your favorite charities and receive some tax benefits, consider establishing a donor advised fund. These types of accounts offer flexibility and allow you to change the charities you support at any time.
Local Fund Administrators
The best way to establish a donor advised fund or find a fund administrator is to talk to your financial advisor. Many financial advisors work with clients who want to establish donor advised funds and can provide you with information about how to set one up.
Finally, you can search the internet for donor advised funds in your area. A number of websites provide information about how to establish and maintain these types of accounts. You’ll find larger national organizations like Fidelity or smaller organizations like Crewe Foundation in Utah. In either case, be sure to do your research and ask plenty of questions about the fund.
A Final Word On Donor Advised Funds
Lastly, be sure to loop in your existing financial advisor to the situation. Althought the donor advised fund is managed by another organization, it’s best to keep your financial advisor aware of the fund. And be sure to share the information with your business attorney if you feel there are any legal implications of establishing the fund.
