Corporate Donor-Advised Funds

Donor-Advised Funds (DAFs) are a popular option for businesses who want a simple, low-cost charitable giving program, customized to fit their needs. Fundholders make their own recommendations for grants made from their fund. It is like having a private foundation without the burden of administration and costs of legal and tax work.

Businesses may name the fund as they wish, such as "The ABC Corporation Charitable Fund," or choose to remain anonymous with a creative name, such as "The Giving Tree Fund."

Corporate DAFs are pooled and invested with over 570 other funds at the Community Foundation so they can grow over time.

Fees to administer Donor-Advised Funds at the Community Foundation are competitive with those of commercial investment companies. The Community Foundation's administrative fee is .08% monthly, based on the fund's average daily balance (.96% annually). The Community Foundation reinvests its fees back into your community, using fees to research area charities, match community needs with donor interests, and help nonprofits strengthen their fundraising, boards, and management.

The minimum to establish a Flexible Donor-Advised Fund is $50,000, with no minimum retained balance. Additional gifts may be added at any time, in any amount, in the form of cash, appreciated stock, real estate, or other assets. Fundholders can decide each year how much to use to make grants and how much to retain in the fund for investment growth.