answersLogoWhite

0

The purpose of the Donor-Advised Fund was to manage charitable donations on behalf of an individual, family, or business organization. It was created as an alternative to a private foundation.

User Avatar

Wiki User

11y ago

What else can I help you with?

Related Questions

Donor Advised Funds?

You may not have pockets deep enough to set up your own private foundation but that doesn’t mean you can’t pursue philanthropic strategies. One tool that makes doing good easy for those who’ve done well financially is the donor advised fund. Setup is easy. Administration is much easier and cheaper than a foundation. But benefits run deep you’re still able to contribute funds to various charitable causes and perhaps teach the next generation a thing or two about responsible financial management. You’ll need to contact a financial advisor in order to get a donor advised fund set up. When you make a donation to a donor advised fund you receive a tax benefit at the time of the gift. That’s because the administration of the fund is done by a public charity, and the benefit of the gift will be only used for charitable purposes. The gift can be made in the form of cash, though there are additional tax benefits to gifting appreciated stocks. If you have highly-appreciated stocks lying around and would like to make a sizable charitable contribution, though you may not be sure to which charities you want this contribution to go at this time, you may be a great candidate for a donor advised fund. Once set up the fund will be administered by the public charity and will distribute funds to other public charities according to your instructions. Keep in mind that the public charity has a fiduciary responsibility to perform due diligence on any charities you direct payments to. They must give final approval of your recommendations, however, as long as the charity isn’t shady and the money isn’t somehow benefiting you or your family directly you shouldn’t have to worry about the administrators not taking your recommendations. So if you want to give something back without giving up total autonomy over what happens to your charitable dollars, a donor advised fund may be the way to go.


What do board designated fund and permanently restricted fund mean What is the difference between two?

Board designated funds are not restricted. Funds can only be restricted by the donor. Therefore when the board restricts or designates the funds for a purpose they are still considered unrestricted.


How does the World Bank fund itself?

It obtains funds from donor members.


What is the purpose of a sinking fund?

A sinking fund has a very important purpose. The purpose of a sinking fund is to reduce the amount of debt by repaying or purchasing outstanding loan amounts.


What is the purpose of using donor eggs?

The main purpose of using donor eggs is to help women become pregnant. Some women are unable to produce their own eggs so they use a donor's eggs to become pregnant.


How often can a female blood donor give blood as advised by the hong kong red corss?

36


What is another word for donor in a fund raising title capacity?

I believe you may use any of the following words for Donor: Giver; Contibutor; Benefactor; Patron; Supporter


How can I donate money anonymously?

One way to donate money anonymously is to use a donor-advised fund or a charitable trust, which allows you to make donations without revealing your identity. You can also consider giving cash or gift cards without any personal information attached.


What is the purpose of donor screening?

To ensure the safety of the blood supply, a multitiered process of donor screening and deferral is employed.


How often can a male blood donor give blood as advised by the hong kong red corss?

59 das


What is the definition of fund?

The definition of the word fund is a sum of money made available for a specific purpose. That would be a noun. Using fund as a verb is defined as to provide money for a particular purpose.


What is the role of the Egg cell donor.?

A donor cell is a cell that a donor donates for genetic research.