Donor-Advised Funds
Type of Gift: Current Gift
Minimum: Varies based on the sponsoring organization
Tax Deductible: Yes
How it Works: Donor-advised funds are like charitable savings accounts. You create an account with a sponsoring organization, such as a nonprofit or an investment company. As you make contributions of cash, stock or other assets from your account, you can take an immediate tax deduction for your gift. An advisor manages and invests the assets and works with you to designate the funds to your favorite charitable causes.
Unique Benefits: You don't need to be an investment expert to manage your funds. Your advisor will handle the investment component and work with you to explore giving opportunities when the time is right.