Benefits of a Donor Advised Fund

Simple

• Bring strategy and structure to giving
  

  Ted & Stephanne Byrd (Byrd Family Fund)

• Use TCFHR staff to support your philanthropic goals
• Receive one tax receipt

Flexible

• Stay personally involved in making grants
• Experience fewer administrative burdens, greater flexibility and tax benefits compared to setting up a private foundation
• Invest along with other funds and a larger pool of assets
• Donate diverse types of assets

Maximum Impact

• Leverage TCFHR expertise gained from continuously reviewing nonprofit grant applications
• Benefit from due diligence conducted on nonprofits
• Use TCFHR’s Community Needs book, a resource for making gifts to local nonprofit organizations for specific projects

Open a Fund with Three Easy Steps

1. Talk with TCFHR to define your charitable goals and terms of your fund
2. Choose a name and investment option for your fund
3. Give a tax-deductible charitable donation to your fund and begin making grants to worthy nonprofit organizations

Grantmaking: How It Works

• Fund is established and named
• Donor makes grant request
• TCFHR performs due diligence, approves grant
• Check sent to nonprofit recipient
• Donor notified that grant was made