Donor Advised Funds
A donor-advised fund is a vehicle by which individuals or organizations make an irrevocable contribution to an organization and then recommend to that organization how the gift should be distributed to charities. The gift from the donor is invested, creating an opportunity for the gift to grow.
A donor-advised fund provides an easy flexible way for you to direct your charitable giving to a variety of charities over time while receiving immediate tax benefits. You create the fund without having to name specific charities or gifts and then recommend grants to specific charities at times of your choosing.
Donor-advised funds can be established through the Florida Baptist Foundation with an initial gift of at least $5,000.
Click here for a list of necessary forms.
3 reasons to consider a Donor Advised Fund
Professional management.
Each gift to your Donor Advised Fund is invested in one of the Foundation’s diversified investment portfolios based on your stewardship plans. In addition, the Foundation handles all of your fund’s record keeping and tax reporting.
Giving expertise.
The Foundation’s staff is available to assist you in defining your charitable goals and to identify charitable causes that match your giving interests.
No legal fees.
There are no legal fees associated with creating a Donor Advised Fund, and you effectively bypass the administrative burdens associated with establishing and maintaining a private family foundation.
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