A donor-advised fund is a charitable giving vehicle sponsored by a public charity. You can create a donor fund with a contribution to that charity and receive immediate and maximum tax benefits. You can also recommend grants over time to any IRS-qualified public charity.
Donor-advised funds offer simple, tax-wise, and meaningful ways to manage your philanthropy. You can:
- Contribute a wide variety of asset types
- Enjoy the best available tax benefits
- Recommend investments
- Recommend who’ll receive grants, as well as when and in what amounts
- Recommend who’ll succeed you as fund advisor today and over successive generations
Not all donor-advised funds are alike
Donor-advised funds are offered through many public charities.
Commercial programs: Fidelity Charitable, Schwab Charitable, Vanguard Charitable, and charitable entities of for-profit financial institutions.
Community foundations: There are about 750 community foundations with a regional focus. We are big fans of community foundations because they know and understand the needs of the local community.
Religious charities: Examples include the National Christian Foundation and the Jewish Federation.
Focused charities: Examples include Rotary International and university-sponsored programs.
The independent charity: Learn about true independence at the iGiftFund