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Last Updated Apr 2008


Donor-Advised Funds
Donor-advised funds are the perfect solution for those wishing to create or formalize a family tradition of giving.

Families often use charitable giving as an opportunity to pass their values and ideals down from generation to generation. A donor-advised fund is a good option for those who wish to be involved in philanthropy personally or with their families, but prefer not to handle the administrative and organizational duties of a private foundation.

Among the various types of funds that the Central New York Community Foundation offers to its donors, the donor-advised fund is one of the most popular. A donor-advised fund offers active participation in the grant process by allowing you to suggest the grant recipients. It affords all of the advantages of a private foundation, but with greater tax benefits and fewer restrictions and administrative tasks. It is a perfect vehicle for those who wish to participate actively in grantmaking and retain flexibility with their giving.

The Top 10 Reasons to Open a Donor-Advised Fund are a must-read for who want to better understand all of the features and benefits of this type of fund.

A Comparison of Donor-Advised Funds and Private Foundation Giving Options will give you more information about the features of each of these family philanthropy options.

Ready to open a fund or in need of customized assistance?
Please contact Dirk Sonneborn, Vice President for Development, for answers to your questions or assistance in opening a new fund. He can be reached by phone at 315.422.9538 or by email.