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Donor Advised Funds

A Simple, Highly Personal Approach to Charitable Giving

Some donors want a simple way to optimize their giving; others are experiencing a one-time financial or tax event that calls for making a large charitable gift. You may want to make your philanthropy a family venture. Either way, establishing a named Donor-Advised Fund at the Community Foundation – adding to it any time, in any amount – may be the right choice for you, your family, or your business.

Chris Askin, President/CEO

Contact Chris Askin, President / CEO

Email or call Chris at 775-333-5499 to talk about the benefits of a Community Foundation Donor Advised Fund to you, your tax situation, and to your community.

Email ChrisCall 775-333-5499

Donor Advised Funds allow you to make a gift to the Community Foundation and be actively involved in recommending grants. While they share many of the same charitable attributes, a donor advised fund is less expensive than a Private Foundation, with benefits that last for generations.

Here’s how a donor advised fund works:

How a Donor Fund Works

A few of the benefits you receive with a Community Foundation donor advised fund

  • You receive expert service and flexibility so you can focus on the joy and excitement of making a difference.
  • Your Community Foundation philanthropic advisor’s in-depth knowledge and Nevada connections work to help you make the most impact.
  • Grant administration ensures the recognition you deserve or the absolute privacy you may desire.
  • You receive maximum tax deductions at the time of your gift and eliminate capital gains tax on donated appreciated securities and property.
  • You are invited to exclusive educational and networking events for our donors, fund advisors, and board.
  • You can recommend grants online or by email whenever inspiration strikes - 24 hours a day.
  • You may choose to name your fund for your family or a loved one. You also have the option to remain anonymous or assign a unique name reflecting your charitable mission and values.

Contact Chris Askin, President/CEO to discuss your giving plans and learn more about how a donor-advised fund can benefit you and your community. Or, learn about the other types of funds offered by the Community Foundation of Northern Nevada

 Fundholders are invited to exclusive educational and networking events.
Fundholders are invited to exclusive educational and networking events.

Assets we accept: Establish or add to a fund with any of the following

Cash (cash equivalents, including credit card donations)

Cash (cash equivalents, including credit card donations)

Marketable Securities

Marketable Securities

Closely held, restricted or pre-IPO stock

Closely held, restricted or pre-IPO stock

Real estate, partial interest in real estate or promissory notes

Real estate, partial interest in real estate or promissory notes

Transfer of a private foundation

Transfer of a private foundation

Tangible personal property

Tangible personal property

Royalties and distribution rights

Royalties and distribution rights

Business Interests, including partnerships and interests in LLCs

Business Interests, including partnerships and interests in LLCs

Virtual currency

Virtual currency

Is your asset not listed here? Contact us, we may be able to help.

We recommend you consult with your financial or legal advisor to identify the optimum asset for your personal situation. Please contact Chris Askin, President and CEO at the community foundation prior to initiating your gift so we can be prepared to assist you the moment you are ready to open or add to your fund.

See the differences between a private foundation and a named donor advised fund at the Community Foundation of Northern Nevada
 Private FoundationDonor Advised Fund
Legal EntitySeparate nonprofit entityFund
Tax StatusPrivate FoundationPublic Charity
Taxation of Investment Income 2 percent, annuallyNone
Payout RequirementGrants must equal 5% of corpus annually NoneNone
Deductibility of Gifts20% AGI* for appreciated property, 30% AGI* for cash30% AGI* for appreciated property, 50% AGI* for cash
AdministrationDetailed annual IRS Filing All record keeping and accounting carried out by Community Foundation
Grantmaking ExpertiseProfessional staff (if any)The Community Foundation staff and program committee provide assistance to review requests and monitor grants
ControlDirectors have complete control of distribution and responsibility for asset management Donor Advisor(s) makes grant recommendations, which the Community Foundation administers
CostAnnual operating costs, including legal and accounting fees, insurance, office space, staff, and misc. expensesNo cost to establish a fund; annual fee of 1% to 1.5% based on the average daily balance of fund
Donor DiscretionMust make available to the public the name and address of any substantial contributorA donor to a Community Foundation fund may remain anonymous

* Adjusted gross income

Service sets us apart

Philanthropic Advising Services are available when you open a Donor Advised Fund. Your philanthropic advisor is your personal connection at the Community Foundation. Available services include:

  • The highest level of discretion and anonymity if you desire,
  • Research into the causes and nonprofits that interest you,
  • Site visits to nonprofits,
  • Publicizing fund RFPs and collecting grant applications,
  • Notifications of funding opportunities in your interest area,
  • Development of a family, even intergenerational, philanthropic plan.
  • When you have a fund you have a staff.
  • Create a donor advised fund with a $25,000 minimum gift. 
Site visits to nonprofits are one of the philanthropic advising services offered to fundholders.
Site visits to nonprofits are one of the philanthropic advising services offered to fundholders. About Site Visits

Donor Advised Fund Fee

Your fund will be charged an administrative fee ranging between .05% to 1.5% annually of the average daily balance of the fund. The administrative fees will be reduced or adjusted, should the Fund exceed $1 million or other thresholds per the Fee and Fund Policy. Fees are calculated on the daily average fund balance for the most recent month and paid monthly by automatic deduction from the Fund balance.

Investing your fund

Donor advised funds can be granted at any time. Choose an investment pool for your fund (long term, short term or cash) that fits your granting strategy. You can update when needed. Donors often increase their charitable giving because the fund grows, tax-free through sound investing.

Impact Investments

Invest a portion of your fund’s assets in the Community Foundation impact investments. Leverage your philanthropic dollars to make investments in nonprofits and social enterprises such as Veterans Housing in Reno and Sparks. Learn More about the Community Foundation Impact Investing. 

You can invest a portion of your fund assets in our Impact Investments in Veterans Housing in Reno and Sparks.
You can invest a portion of your fund assets in our Impact Investments in Veterans Housing in Reno and Sparks. Impact Investing

Additional Information

Download PDF

Download the Donor Advised Grant Form

Download PDF

Download a sample Donor Advised fund agreement form.

Download PDF

Download the Community Foundation Donor Advised Fund Handbook

Jim Pfrommer, Past Board Chair

I was born to a loving family who gave me a safe and beautiful home, sent me to good schools, provided me with many wonderful travel experiences, and gave me every opportunity to be successful. All I want is to help others realize their dreams, reach their potential, and have a chance for success like I had

- Jim Pfrommer, Past Board Chair