Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Can a donor advised fund be used to pay a pledge?

advised donor fund pay pledge Used
0
Posted

Can a donor advised fund be used to pay a pledge?

0

Unfortunately you cannot use a donor advised fund to fulfill a pledge for which you have made a prior commitment. When you contribute cash or property to The Community Foundation to establish a donor advised fund, you are entitled to a charitable deduction. If you then used the fund to fulfill a pledge, you will be deemed to have received a personal benefit, which is your release from your obligation to fulfill your pledge.

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123