Is a Donor Advised Fund Right for You and Your Family?

Donor advised funds are like charitable checking accounts within the Women’s Foundation of Minnesota that allow you to make grant recommendations to your favorite nonprofit organizations at your convenience.

According to the National Philanthropic Trust, contributions to donor advised fund accounts hit an all-time high of $22.26 billion in 2015.

3 Reasons to Consider a Donor Advised Fund with the Women’s Foundation of Minnesota:

1. Immediate Tax Deduction, Donate Anytime: Donations receive the most favorable tax treatment because the Women’s Foundation is a public charity. You can also eliminate capital gains tax for gifts of appreciated securities. Gifts to donor advised funds are tax-deductible at the time they are made, and grants can be recommended from the fund by the donor (or person designated by the donor) at any time.
2. Approachable Minimums, Mission-Centered: You can open a donor advised fund with the Women’s Foundation with $5,000. Interested in building your philanthropic legacy? Our endowed funds may be opened with an investment of $25,000. You can also feel good about investing funds that, in part, support the Women’s Foundation of Minnesota’s quest for gender and racial equity.
3. Involve Your Family, Build Your Legacy: Many donor advisors want their family members to participate in philanthropy. A donor advised fund is an excellent option for providing the valuable experience of a family foundation, without the hassle. You can name yourself or another person as an advisor for the fund.

For more information, or to discuss how a donor advised fund may help you reach a philanthropic goal for you and your family, please contact Saanii Hernandez, Vice President, at 612-236-1807 or saanii@wfmn.org.