Why Use a Donor-Advised Fund?
A donor-advised fund is a simple way to organize your charitable giving.
You make a charitable contribution to your fund, receive the available tax benefits, and recommend grants to the nonprofits you want to support. We handle the administration and paperwork.
Here are 10 reasons a donor-advised fund might be a good fit for your giving:
1. Keep your giving organized
Instead of keeping track of receipts from multiple organizations, you receive a receipt when you contribute to your fund. We also keep a record of your grants, making it easier to see your giving in one place.
2. Give on your own schedule
You don't have to contribute the same amount every year. Add to your fund when the timing is right for you, then recommend grants to nonprofits over time.
3. Give more than cash
Donor-advised funds can accept many types of charitable gifts, including appreciated stock. Your tax or financial advisor can help you determine which type of gift makes sense for your situation.
4. Give now. Decide where later.
You can make a charitable contribution today without having to decide immediately which nonprofits will receive the money. This can be especially helpful at year-end or anytime you want to set aside money for future charitable giving.
5. Give your charitable dollars time to grow
Money in your fund that hasn't yet been granted is invested with other Foundation assets, giving it the opportunity to grow over time.
6. Grow your giving tax-free
Because the Community Foundation is a charitable organization, investment growth within your donor-advised fund is not subject to income tax.
7. Make giving a family tradition
A donor-advised fund can be a meaningful way to involve children or grandchildren in giving. Families can talk about what matters to them, choose organizations to support, and build a tradition of generosity together.
You can also make plans for who will advise the fund in the future.
8. Give privately when you choose
You decide whether grants include your name or are made anonymously.
9. Have a local partner
We know Rome and Floyd County. If you'd like to learn more about local nonprofits, community needs, or opportunities to make a difference, we can share information and help you make connections.
And your giving isn't limited to Rome. You can recommend grants to eligible nonprofits locally or across the country.
10. It's easy to get started
You can open a donor-advised fund with $5,000, and we'll guide you through the process.
You don't need to know the terminology or have a detailed giving plan before you contact us.
Tell us what you'd like your giving to accomplish. We'll help you understand your options.
Ready to learn more? Let's talk. There's no pressure and no obligation—just a conversation about your giving and how the Community Foundation can help.