Donor Advised Funds
Harness the Giving Power of a Private Foundation—Without the Complexity
Are you looking for an easy, cost-effective way to support Saint Mary's Hall and other causes you love? A donor advised fund, which is like a charitable savings account, may be the right choice for you.
Here's how it works. You transfer cash or other assets to a tax-exempt sponsoring organization such as a public foundation. You can then recommend—but not direct—how much and how often money is granted to SMH or other charities—sometimes as easily as using a Web portal. And you avoid the cost and complexities of managing a private foundation.
What do you receive in return? An immediate federal income tax charitable deduction at the time you contribute to the account, and the power to make recommendations on which charities to support whenever you want. You centralize your giving and record-keeping in one location. And maybe best of all, you can start a legacy of giving by letting your children help decide which grants to recommend.
Check Out This Potential Scenario
A local business leader wants to give back to the organizations that have made a difference in her community. She establishes a $25,000 donor advised fund with a community foundation. The businesswoman receives a federal income tax charitable deduction for the amount of the gift. She also gets all the time she needs to decide which charities to support. After researching community needs with the foundation's staff, this donor recommends grants for SMH (which she has supported for years) and a few other organizations. The foundation presents Saint Mary's Hall with a check in thanks for the extraordinary education Saint Mary's Hall has provided since 1879. This business leader is delighted to start this personal legacy of giving.
The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in examples are for hypothetical purposes only and are subject to change. References to estate and income taxes include federal taxes only. State income/estate taxes or state law may impact your results. Annuities are subject to regulation by the State of California. Payments under such agreements, however, are not protected or otherwise guaranteed by any government agency or the California Life and Health Insurance Guarantee Association. A charitable gift annuity is not regulated by the Oklahoma Insurance Department and is not protected by a guaranty association affiliated with the Oklahoma Insurance Department. Charitable gift annuities are not regulated by and are not under the jurisdiction of the South Dakota Division of Insurance.