Current donor-advised fund (DAF) holders at the Community Foundation understand why it’s become such a popular tool to organize their family’s giving and how the DAF serves as a springboard for so many other ways to make a difference in our region.
Recently, we’ve talked with a lot of donors who work with the Community Foundation in a variety of ways, such as regularly contributing to a favorite organization’s endowment fund, supporting the Community Foundation’s operating endowment, making distributions from an IRA to a designated fund, or attending Community Foundation events to rally around important community priorities.
Interestingly, we are discovering that some of these donors also have established a donor-advised fund at a national financial institution and in many cases did not realize that they could transfer their donor-advised fund at the community foundation.
It’s time to set the record straight!
For starters, the Community Foundation offers donor-advised fund holders the same tax and administrative benefits as a national financial institution.
Unlike standard national financial institutions’ donor-advised funds, the Community Foundation offers high-level, customized services to its DAF holders. ...Continued, click HERE
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