Donor Advised Funds are being promoted these days by giant investment firms (Fidelity, Schwab, Goldman Sachs), Universities and other national charities.
A donor advised fund is a popular way to give because you don’t need to have a tremendous amount of money to establish one. People with wealth find they are less expensive and require less administration work as compared to a private foundation, and for everybody, they offer tax advantages.
By creating your donor advised fund the Community Foundation of Western Nevada you receive key advantages that you won’t find with the commercial funds or national charities. Here is a brief summary of how the Community Foundation supports your donor-advised funds in unique ways:
You can give to your donor-advised fund using real property. Commercial funds don’t want to touch these assets, and if they do, they hit you with exorbitant transaction fees. We know it is extra work, but we do it gladly, efficiently, and inexpensively because we are here to help you and encourage your giving.
- You can give to your donor-advised fund with a split-interest gift that will give you income as well as a charitable benefit, now or in the future. These are complicated to set up, but we handle the complicated part and you get the benefit. Other organizations offering donor-advised funds really just want to receive and hold your cash or stock. The Community Foundation was created to help you give wisely and feel more satisfied with your giving.
- We are local. We know you, we know your favorite charities, and we meet with you in person, even at your home if you wish.
- Your low 1 1/2% administrative fee supports our foundation, which supports our community work. We are more active in your community now, as we grow, and it is your funds, held at the Community Foundation that help fund our work.
- We can connect you with others in the community that care about the same causes you care about and want the same improvements and outcomes you want. Together we can accomplish more.
There are more examples, but you get the point. I encourage you to establish your donor-advised fund with the Community Foundation of Western Nevada. If you would like to learn more please give me a call or send me an email.
We help people who care about causes that matter.
Chris Askin, President, and CEO