Donor-advised funds allow individuals to give to specific organizations, or the Foundation may recommend programs that match the donor’s interests. The Foundation verifies that the grant complies with all IRS regulations.
Donor-advised funds enable donors to play an active role in their charitable giving by making grant recommendations to the Foundation’s Board of Trustees. Once approved by the Board, checks are sent to preferred charities noting that the grant comes from the donor’s specific fund. The Foundation handles all paperwork and administrative requirements for the grants.
Your Fund Will Benefit the Community – We can assist you in directing your fund to the charitable field you are most interested in.
Tax Benefit – As a public charity, the Arlington Community Foundation offers the highest level of tax benefits for charitable giving. You will receive an immediate tax deduction the year the gift is made, before you even have to decide on the disbursement and beneficiaries of your fund. You may contribute cash, stock, mutual funds, real estate, insurance policies, or tangible personal property and receive the maximum tax benefit according to Internal Revenue Service rules.
Perpetuity – By starting a fund with the Arlington Community Foundation, you can build a legacy through giving. Your contributions will forever impact the community and be remembered by the beneficiaries.
Simple and Professional – Starting a fund with Arlington Community Foundation requires minimal paperwork. Every fund is professionally and actively managed while invested in a diverse portfolio that allows for asset growth and security of principal.
Assurance – A Finance and Investment Committee oversees the investment of the Foundation’s assets while a Community Investment Committee reviews all competitively awarded grant applications and makes recommendations to the Board for final approval. Donors who establish named funds receive periodic reports on their fund’s progress. A yearly independent audit by a CPA ensures fiscal responsibility.
Starting your own fund can be done in a few simple steps.
To download a PDF with more details, click here.
To recommend a grant from your donor-advised fund at any time, please complete the ACF Grant Recommendation Form according to the instructions on the form.