Why the Donor-Advised Fund is a Vehicle You Need to Know

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Did you know that donor advised funds are the fastest growing philanthropic planning vehicle?

Donor-Advised Fund’s popularity has risen dramatically over the last several years.
This type of giving vehicle is popular because they allow an individual or family to make a tax-deductible transfer that qualifies as a charitable contribution, and then later recommend gifts to their favorite charities from the fund when the time is right.

A donor-advised fund operates a lot like a checking or savings account just for charity, and it’s established according to the IRS guidelines that create the tax advantages.

Whether you support a few charities or many charities each year, a donor-advised fund is a useful tool. Furthermore, the tax advantages set the donor-advised fund apart from other vehicles.

Donor-advised funds are available through a variety of providers. Community foundations are uniquely positioned to offer donor-advised funds with the inherent tax and transactional benefits you expect, plus the added advantage of deep community knowledge and a well-connected team of experts to enrich one’s philanthropic experience.

A Partnership to meet your goals.

In today’s social impact culture, charitable individuals want to be connected to well-respected community institutions. The team at the Community Foundation would be honored to work with you and your family to meet your own charitable giving objectives.

At the Community Foundation, you may establish a charitable giving fund that allows you to make a contribution during the year you would like the tax deduction while allowing you time to support the charities of your choice at a later date. Please reach out to the Community Foundation of Tampa Bay at (813) 282-1975 or visit www.cftampabay.org to get started.

Sheila Kinman, CAP®
Senior Vice President-Philanthropy
Community Foundation of Tampa Bay

Sheila Kinman, CAP® is the Senior Vice President of Philanthropy at the Community Foundation where she helps donors design and fulfill their charitable giving goals. She is also a Charted Advisor in Philanthropy (CAP®), a designation that provides knowledge for guiding charitable individuals, businesses and foundations.


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