Donor Advised Fund –
A Personal Approach to Giving
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| Tom Nehl loved Community Theater. He was devoted to supporting the local thespian community, and set up an advised fund at The Community Foundation to fund his passion. As he told us, “Through this fund, I will leave a legacy of support that will make Jacksonville’s community theaters better now and in the future.” |
You can support one or more of the non-profit, school or religious organizations of your choice through a Donor Advised Fund. It’s easy to create and allows you to remain actively involved in recommending grants. Minimum to establish: $10,000 for a non-endowed fund; $50,000 for an endowed fund.
We make it easy to create and use your Donor Advised Fund. As your charitable giving partner, we handle the investment, administrative, regulatory and grantmaking details that are necessary in effective philanthropy. A Donor Advised Fund allows you to:
- Make contributions to your fund, earn interest on your fund balance, and recommend grants to qualifying charities
- Let the fund grow until you are ready to recommend grants, without an obligation to make a minimum distribution (unlike private foundations, which are required to distribute 5% of the assets annually)
- Manage your grantmaking online if you so choose
- Create a tradition of family giving by naming future generations as successor advisors
- Continue your support in perpetuity if you choose to endow your fund
- Receive an immediate tax deduction whenever you add assets, and pay no tax on the fund’s future earnings
- Leave the necessary financial reporting to be done by The Community Foundation
- Participate in community leadership by supporting The Community Endowment Fund
- For funds over $100,000 – recommend investment options among four TCF Investment Pools
- For funds over $500,000 – you may recommend your investment advisor to invest your fund’s assets based on your time horizon and risk tolerance (subject to TCF approval)