7 Reasons Why a Donor Advised Fund May Be Right for Your Charitable Goals
Written by Amelia Jeffers | Photography courtesy of The Columbus Foundation
I don’t know about you, but as the speed of life has seemingly reached supersonic, and as my income (gratefully) has kept pace and surpassed my goals, I have longed for an opportunity to approach my charitable giving with more consideration and intention of the people, places, and things I want to support in the community.
For several years now, I have found myself reaching the end of the year only to spend a frenzied week or so reconciling my donations with my accountant’s recommendations, then quickly identifying and executing the final few gifts I would make. Looking for an alternative to the madness (and at the recommendation of a more philanthropically-seasoned friend), I met with a member of The Columbus Foundation’s Donor
Services and Development team to learn more about their Donor Advised Funds (DAFs). I was surprised to learn that a setting up a fund was within my reach.
Donor Advised Funds (DAFs) are enormously popular giving vehicles—known for their ease of use and flexibility in administration. DAFs allow individuals to take an active role in their philanthropic efforts, and are the best option for people who value freedom, choice, and a hands-on approach to giving. Plus, they are ideal for those wanting to give to multiple organizations and programs.
Courtesy of the folks at The Columbus Foundation, I hope you find this information as helpful as I did.
Consider a Donor Advised Fund if you (or your clients):
Demand simplicity and ease
Own highly appreciated or complex assets that you want to direct to charity
Want to manage all of your giving from one convenient account
Seek to be actively engaged in your philanthropy
Give to multiple organizations and programs throughout the year—including your favorite charities as well as nonprofit educational and religious institutions
Want to involve your family in your charitable giving
Are interested in learning more about community needs and challenges, giving opportunities, and insights here in the central Ohio region—and nationally and globally
A Donor Advised Fund is a personalized fund that makes it easy for you to support the issues and organizations you care about in central Ohio or anywhere across the country. You can contribute cash, stock, or other assets to create a named fund, qualify for an immediate income tax deduction, invest and grow your fund’s assets, and when it’s convenient for you, choose the charities you want to support.
The Columbus Foundation offers Donor Advised Funds for individuals at every stage of their charitable giving journey. Whether you’re just getting started in philanthropy or are looking to expand your giving, the Foundation can help you follow your passions and meet your charitable goals.
Learn more about Donor Advised Funds and how The Columbus Foundation can assist you in your charitable giving at columbusfoundation.org.
About The Columbus Foundation: The Columbus Foundation serves nearly 3,000 individuals, families, and businesses that have created unique funds and planned gifts to make a difference in the lives of others through the most effective philanthropy possible. Now 75 years strong, The Columbus Foundation is Your Trusted Philanthropic Advisor® and is one of the top ten largest community foundations in the country.