, also known as charitable gift funds or philanthropic funds, allow a donor to make a charitable contribution to a specific public charity or community foundation that uses the assets to establish a separate fund.
Ledebuhr is based in Naperville, Illinois and provides a full range of financial services, including retirement and financial planning, individual money management and donor-advised funds
, among others.
* Donor-advised funds
: Many people use donor-advised funds
to give throughout their working lives and continue to use them during retirement.
Unfortunately, donor-advised funds
and most private foundations are ineligible to receive QCDs.
How does the Community Foundation set up these donor-advised funds
to reach "donor-advised funds
." (106) A donor advised fund is
James Andreoni examines donor-advised funds
, which are financial vehicles offered by investment houses to provide savings accounts for tax-free charitable giving, and weighs their effects on donations against their tax cost.
If it wasn't already clear that donor-advised funds
are the go-to charitable giving vehicle of the decade, consider The Chronicle of Philanthropy's ranking of the 400 charities that raised the most money from private resources in 2016.
and supporting organizations are not eligible.
Make donor-advised funds
an eligible charity for purposes of the IRA rollover law that permits an IRA owner at least 70-and-a-half-years old to exclude from his or her gross income up to $100,000 per year in distributions made directly from the IRA to certain public charities.
, IRA distributions and charitable gift annuities might be buzz terms in the nonprofit community, but word has yet to spread to key players in the discussion: donors.
Though less than 1 percent of nonprofit charitable organizations sponsor these "donor-advised funds
," the total value of such funds was nearly $53 billion for Tax Year 2012.