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About Donor-Advised Funds


Donor-Advised Funds are the most popular fund type among our donors, allowing them to address a wide variety of issues and fulfill their charitable interests as they evolve over time. Serving as a convenient option to manage your giving and enjoy hands-on involvement, a Donor-Advised Fund allows you to make gifts over time and invest your charitable dollars without the burden and expense of establishing and maintaining a private or family foundation.

 

Getting Started is Easy

A Donor-Advised Fund can be opened with a minimum gift of $10,000. You can use cash, stock, real estate or other assets to create a named fund and qualify for an immediate tax deduction.

As the donor, you can be actively engaged in the grantmaking process. The Community Foundation gives you the right to advise on distributions from your fund to specific charities. Staff is also available to identify organizations that match your charitable interests. Additional gifts may be made to your Donor-Advised Fund at any time.

 

Reasons to Create a Donor-Advised Fund

It’s Easy. The necessary paperwork to establish a new fund is straightforward and can be completed in minutes. Recommending grants from your fund only requires a simple one-page form. We take care of the paperwork for you, so that you can focus your time on more important things.

It’s Flexible. With a minimum of $10,000, you can establish a fund for just about any purpose and make grants to the local, national and global organizations that you see fit.

It’s Personal. As a donor advisor to the Community Foundation, you not only may recommend distributions from your fund to specific charities, you may also designate a successor advisor to the fund – an effective way to engage other family members in charitable activity. We’re here to offer individualized service and strategies to help you carry out your goals and suggest ways to increase your impact.

It’s Efficient. We handle the managerial tasks of your fund – from investment administration to grants management – all for a nominal administrative fee. Hundreds of funds share the costs of administration, allowing for economies of scale.

 

How Donor-Advised Fund Administration Works:

We pool our more than 700 individual charitable funds for investment purposes and each participating fund receives its pro rata share of the investment return. You may also choose not to have your fund participate in the investment returns, removing both risk of losses and opportunity for growth while allowing us to use any gains for the general support of our charitable mission.

It is up to you to determine the appropriate level of spending from your Donor-Advised Fund account, as there is no mandatory spending requirement. If you are interested in preserving your fund for the long term, you have the option to adopt the Community Foundation’s suggested spending rate of 4.4%.

Minimum balances for funds that participate in our investment returns is $25,000. The minimum is $10,000 for non-participating funds.

 

Learn More:

Why Partner With Us
Types of Assets
Legacy Planning
Administrative Fees
Request a Meeting


Watch Video: What is the Central New York Community Foundation?



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(315) 422-9538.