Donor Advised Funds
An Example of How This Gift Works
Joe and Laura want to give back to their University by putting their money where it will do the most good. They establish a $100,000 donor advised fund with the UND Foundation to benefit the University of North Dakota and other charitable causes.
The couple receives a federal income tax charitable deduction for the amount of the gift. They also get all the time they need to decide which organizations they want to support.
Annually, Joe and Laura recommend grants with at least 51% benefiting UND with the remainder supporting the Humane Society. The UND Foundation presents the charities with checks from the Anderson Fund.
For more information regarding Donor Advised Fund, click here to view a pdf handout.