Donor Advised Funds
The most common type of fund at ACT for Alexandria, a Donor Advised Fund is a tax-advantaged vehicle for philanthropic giving. It’s like having your own charitable bank account. A Donor Advised Fund lets you set resources aside to use when you want to make a charitable donation. You decide which organizations to support as well as when and how much to give.
What Are the Benefits of a Donor Advised Fund at ACT?
Tax advantages. You receive an immediate tax deduction for the value of the assets you deposit into your fund. You also avoid capital gains taxes when you donate appreciated assets, such as publicly or privately held stock, real estate, mutual funds, or life insurance. All earnings in your Donor Advised Fund grow tax-free.
Simplicity and flexibility. Donor Advised Funds are simple to set up, require no annual tax reporting, have no minimum distribution requirements, and allow you to decide how and when to donate to causes important to you.
Ease of use. You have 24/7 online access to your Donor Advised Fund. You can submit requests for ACT to make donations from your account, set up recurring grants, or make direct donations to any 501(c)(3) organization you want, whenever you want.
Legacy of giving. ACT can work with you to establish a family giving plan and involve your children, grandchildren, and other family members in your philanthropy.