In her role as a Certified Public Accountant, Madelyn Hornstein is often asked for charitable giving advice by her clients interested in establishing a private foundation. She always recommends the Community Foundation as an option to consider.
“Establishing your own private foundation can be time-consuming and result in unwanted annual fees and administrative burdens,” said Madelyn. “A better option is to establish a donor-advised fund at the Community Foundation. Because the fund’s administration is done for you, the set up is quick and easy and you save both money and time.”
Confidence gained while working with the Community Foundation over the years inspired Madelyn to start a donor-advised fund for her family. By doing so, their future charitable giving can be flexible – making a tax-deductible donation now, and then deciding on their grant recipients over time.
“The Community Foundation is a wonderful steward of our region’s charitable funds; it has made smart decisions on how to best spend those dollars,” said Madelyn. “I have the utmost confidence in the Community Foundation’s ability to make good decisions on behalf of my family and my clients.”