In these cases, FJC's donors may use assets in their donor advised funds
to secure loans to nonprofit organizations about which they care and whose credit cannot stand by itself.
The requirements that a community foundation places on donors to be able to give to a named fund within the foundation or a donor advised fund
varies with each community foundation.
507-2(a)(8) to determine whether a donor has retained so much control that a donor advised fund
should be denied public charity status and instead be subjected to the private foundation regulatory scheme.
2) The sponsoring charity's general fund would, therefore, not be considered a donor advised fund
, nor would a special purpose fund where donations are taken in from several donors.
Using the Web-based platform, McGlaughon said, a financial adviser meeting with a client in a Merrill Lynch office will be able to download and print out documents creating a donor advised fund
But for nonprofits orchestrating donor advised funds
, a significant portion of the expense pie includes the amount of grant dollars that were issued, during the year.
Nonprofits that offer such options to assist donors with giving for multiple purposes within the organization and/or with giving to other outside organizations as well may be less likely to lose their donors who are in search of the diversity and service offered by other donor advised fund