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 Pension Protection Act of 2006 (PPA 2006) has extended several of the regulatory requirements applicable to private foundations to
donor advised funds.
Donor advised funds provide a vehicle for philanthropy that allows the moderate philanthropist some of the same opportunities available to the wealthy philanthropist.
Donors, advisors, attorneys and others considering whether to avail themselves of
donor advised funds, establish a private foundation or use a combination of charitable vehicles to meet their philanthropic goals, are invited to participate.
There are numerous advantages to using
donor advised funds.
Starting in 1996, Merrill encouraged its financial advisers to introduce their clients to their local community foundations, which agreed in return to offer Merrill Lynch to donors as an option for managing assets in
donor advised funds they created as a result of referrals by Merrill Lynch advisers.
Recognized as the fastest growing charitable instrument in the country today,
donor advised funds (DAFs) have historically been limited in their ability to support the levels of family collaboration, donor-grantee communication and investment flexibility being demanded by today's more engaged donors.
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.
One option for some nonprofits may be offering their own
donor advised funds.
Petersburg, FL, based foundation that provides philanthropists with
donor advised funds.
Since 1976, Tides Foundation has partnered with donors and institutions by offering
donor advised funds, philanthropic advice and management services for progressive social change philanthropy.
RCF maintains more than 500
donor advised funds across the U.
