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© 2013 Greater Everett Community Foundation
2823 Rockefeller Avenue, Everett - Mailing address: PO Box 5549, Everett, WA 98206
(425) 212-4056 - FAX: (425) 212-4059
Donor Advised Funds for Businesses
Gaining a higher return on your company’s charitable investments.
Opening a Donor Advised Fund allows your business to make a gift to your Community Foundation, then remain actively involved in suggesting uses for your gift.
How it works:
Earnings from your fund are used to make grants addressing community needs. Your gift — and all future earnings from your gift — is a permanent source of community capital, helping to do good work forever.
A Donor Advised Fund is typically less costly and less time consuming to administer than other forms of philanthropic giving (such as a private foundation), but it still allows you to establish a charitable legacy in the name of your business and fulfill multiple charitable interests.
By working through your Community Foundation, you can choose to combine your gift with others to increase the impact in areas you or members of your organization care about most, your charitable gift qualifies you for maximum tax advantage under federal law, and you take advantage of the expertise of professional program staff and investment managers. Your business can establish a fund today and make grant recommendations now or in the future.
A Better Approach
TRI, a company with a tradition of giving back, receives many requests for donations. In the past, company president Anthony Hall found it hard to decide which appeals to respond to and even harder to know if his company’s charitable gifts made a difference. Three years ago, the company established a Donor Advised Fund at the local community foundation. Each year, partners add a percentage of profits to the fund. A team of employees from TRI meets with the community foundation to review local needs and recommend grants. Anthony says, “Our company is able to do much more through our community foundation. ”