Creative Ways to Use an Account

Creative Ways to Use an Account

A donor advised fund gives you many creative ways to express your generosity and your values. Some ideas and recent examples:
Open a donor-advised fund in someone else's name as a way to say thank you, to celebrate a special day, to remember someone or simply to share values with someone you love. A husband might open an account in his wife's name for her birthday. Siblings might pool their funds to open a donor-advised fund in memory of a parent.
Grandparents might open donor-advised funds for each of their grandchildren when they graduate from college to impress upon them the importance the family places on giving. Through the account, they pass along their commitment to a lifetime of giving while empowering them to identify the charities they'd like to support. Each time they recommend a grant, they will think of their grandfather.
Couples might open a donor-advised fund as a present to each other on an important wedding anniversary. Each time they sit down to discuss the charities they would like to support, they celebrate the life they've built together.
Parents of young children may set aside time once a year, perhaps at Thanksgiving or another holiday, and let each child select a charity to support through the family's donor-advised fund. Each child gets to express his or her individual giving interests while participating in the family's philanthropic tradition.
Opening a donor-advised fund for someone else benefits both the giver and the receiver. The giver who opens and funds the donor-advised fund receives the tax deduction, while the recipient enjoys the opportunity of selecting charities to support.
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