Family Foundations and Donor-Advised Funds Can Work Together
Author: Ruth Masterson.
Source: Volume 10, Number 03, March/April 2011 , pp.1-7(7)
< previous article |next article > |return to table of contents
Abstract:
Advisors sometimes think of private foundations and donor-advised funds as competing alternatives for the family that is considering creating a charitable foundation. On the contrary, the two can be complementary, creating more choices and flexibility. Many types of giving vehicles are available to donors; DAFs and private foundations are two of the most popular. Other giving vehicles include various kinds of charitable trusts; types of fund accounts other than DAFs (such as designated funds and unrestricted funds); and other ยง501(c)(3) entities. Experienced professional advisors know that helping clients find the best giving vehicle available for them creates a win-win situation.Keywords:
Affiliations:
1: Association of Small Foundations.