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Donor Advised Fund

How It Works

A donor advised fund is like a charitable checking account. You contribute when it makes the most sense for you – and get a charitable deduction at that time. Then you make grants to your favorite nonprofits when you are ready.

  • You can contribute a variety of gifts, including cash, stocks or other assets like real estate or land.
  • Gifts to your fund are tax deductible.
  • You may give to the fund at any time.

Grow

  • Invest your contribution in one of our professionally managed investment pools. Or, if you prefer, your financial advisor can continue to manage the assets.
  • Assets in your fund grow tax free.

Grant

  • Make distributions from your fund to any of your favorite charities, anywhere and at any time.
  • Grants can range from $100 to $1,000,000 or more.
  • Use our online fund management tool to recommend grants from your fund, make gifts to your fund or research giving opportunities.
  • The online management tool keeps your giving history organized in one place. No more storing multiple receipts!
  • There are no annual minimum grant distribution requirements.

Financial Facts

  • A donor advised fund can be established for $10,000 or more.
  • There is no setup fee or fee associated with closing your fund.
  • The annual community investment fee covers the cost of administering your fund and supports our work in the community.

We Can Grow Our Community

Michael Malcolm was sick for much of his childhood. Because he spent so much time with doctors and nurses, he was motivated to become a pediatrician. The native of Jamaica started on that path as a biomedical sciences student at Hillsborough Community College. During Michael’s first semester, HCC advisors invited him into a new program that would make his path easier. FUSE showed him exactly what classes to take to reach his goal and gave him a seamless way to enter the Biomedical Sciences program at the University of South Florida from HCC. “I never felt alone throughout the entire process,” Michael said. Two years later, he graduated from HCC, entered USF and became the first recipient of a FUSE Scholarship, which helped offset the cost of his degree.

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