While you have the flexibility to recommend grants to many different types of charitable organizations, all grants must go to 501(c)(3) nonprofits in good standing with the IRS. Even though the Community Foundation is based in Tampa Bay, many donors are surprised to learn they’re not limited to local organizations—your Donor Advised Fund can support any eligible 501(c)(3), nationwide.
When you contribute to your Donor Advised Fund, you receive an immediate tax deduction for the value of the donation, which can be claimed in the year the contribution is made. You’ll receive a receipt for each donation, simplifying the process and helping you track your charitable giving for tax purposes.
Your Donor Advised Fund can grow over time through a variety of investment options. Add to the fund at any time with a direct donation or complex asset. Once you make a contribution, you can choose to invest the funds in one of our professionally managed investment pools. These investment pools are designed to help grow the value of your fund, tax-free, over time.