Donor advised funds are much easier to establish than other planned giving vehicles such as private foundations, charitable trusts and supporting organizations. The process for establishing a Donor Advised Fund is outlined below:
- Contact a donor advised fund sponsor such as iGiftFund to set up a fund.
- Contribute assets to the fund using a wide range of assets including cash, stock or real estate. In return for your contribution, you will receive immediate and maximum tax benefits.
- Donors can recommend their financial advisor to manage investments in the fund.
- Donors can recommend grants on a flexible timetable.
- Donors can pass along their family values to future generations by involving children and grandchildren in the granting processing.