How does a Donor Advised fund work?
A Donor Advised fund with the Community Foundation for Monterey County will give your client the opportunity to take part in the grantmaking process without the work and expense of operating a private foundation. Your client can establish a Donor Advised fund with the Community Foundation The minimum amount needed to establish a Permanent Donor Advised Fund is $25,000, which can be pledged over a 2-year period. The minimum amount for a Temporary Donor Advised Fund is $10,000. Each year, your client will have the opportunity to recommend nonprofits to receive grants, which are then approved by our Board of Trustees. The Community Foundation handles the paperwork and administration. This is a great way for your client to involve their children and granchildren in family philanthopy.
