How do I set up a donor-advised fund at Brooklyn Community Foundation?
• Make a tax-deductible, irrevocable contribution of $50,000 or more to a fund you establish at the Brooklyn Community Foundation. • Determine the name of your fund. • Designate any additional advisors, if you choose to. • Select one of the Field of Interest Funds from the Brooklyn Community Foundation’s funds to receive the annual 10% donation from your fund’s assets. • Make grant recommendations to qualified nonprofit organizations of your choosing. • Make additional contributions of $1,000 and above at any time to your fund. Can I use my donor-advised fund for planned giving? Many donors use their donor-advised fund as part of their planned giving. A donor-advised fund can be, in most circumstances, designated as the beneficiary of charitable trusts, retirement plans, and life insurance policies. Subject to the Foundation’s policies, a donor can contribute appreciated stock and other assets to a donor-advised fund. Additionally, a donor can identify successor advisors to recommend g
Related Questions
- How is the Brooklyn Community Foundation ensuring that donor-advised fund giving helps Brooklyn communities, while also allowing donors flexibility in their giving?
- What are the advantages of a donor-advised fund over a private foundation?
- How does a donor-advised fund differ from a private foundation?
