Tax Time Thoughts: The New Boom in Donor Advised Funds
April 12, 2018
Thanks to recent changes in the tax code and upward market trends, donor advised funds are more popular to donors than ever before. One large provider of donor-advised fund services reported an 83 percent increase over 2016 for this versatile way of giving. Savvy local donors are part of the boom. Understanding The Community Foundation's expertise with local needs and local solutions they contributed $1 million in new gifts -- primarily donor advised funds -- in December 2017 alone.
When a financial advisor encourages bundling two-years of charitable giving into a single year as a way to take advantage of tax breaks, a donor advised funds is an ideal vehicle. These funds are also valuable when donors have investment gains in complex assets.
The Community Foundation is the ideal partner to invest and manage your donor-advised fund. The foundation’s staff and board are knowledgeable and tireless in their pursuit of custom giving opportunities that will maximize each donor’s impact on the charities and causes that mean the most to them. With expertise in local needs and opportunities, the foundation offers asset management services available at some commercial funds, as well as the charitable giving advantages of a 501 c 3 nonprofit.
To establish a donor advised fund, contact Executive Director Teri McNally at 540 373-9292 or firstname.lastname@example.org. A named charitable fund at The Community Foundation is easy to establish and can often be done in just a day.
The Community Foundation provides donors with expertise in local needs and impactful charitable giving solutions.