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Custom Giving Solutions

Donor Advised Funds

The donor advised fund offers a convenient, versatile way to make charitable contributions when and how you choose. Think of it as a charitable checking account: You make an initial donation and claim the maximum tax benefits allowable by law. Then you decide which nonprofit organizations you want to support with grants. Add to the fund anytime you want with cash, stock, or other assets—all of our funds can even accept complex gifts like privately held business interests, real estate, or cryptocurrency. For donors who wish to give during their lifetime and also set up a legacy plan, the donor advised fund can easily be named in their estate plans. Legacy plans determine who takes over the Donor Advised Fund, such as your heirs or trustees, and are customizable and amendable at any time.
Custom Giving Solutions

Donor Advised Funds

The donor advised fund offers a convenient, versatile way to make charitable contributions when and how you choose. Think of it as a charitable checking account: You make an initial donation and claim the maximum tax benefits allowable by law. Then you decide which nonprofit organizations you want to support with grants. Add to the fund anytime you want with cash, stock, or other assets—all of our funds can even accept complex gifts like privately held business interests, real estate, or cryptocurrency. For donors who wish to give during their lifetime and also set up a legacy plan, the donor advised fund can easily be named in their estate plans. Legacy plans determine who takes over the Donor Advised Fund, such as your heirs or trustees, and are customizable and amendable at any time.

How Donor Advised Funds Work

A donor advised fund streamlines charitable giving so you can organize and maximize your impact. Like a checking account, you contribute when it makes the most sense for you—and get a charitable deduction at that time. Then, make grants to your favorite nonprofits when you are ready.

• You can contribute a variety of gifts, including cash, stocks, or other assets like real estate or land.
• Gifts to your fund are tax deductible.
• The Community Foundation administers grants from your fund at your request to your preferred charities.
Give

• Enjoy the option to contribute a variety of gifts into your fund, including cash, stocks or other assets like real estate or land.
• Gifts to your fund are tax deductible.
• Contribute to the fund at any time.
• A donor advised fund can be established with $10,000 or more.
• There is no setup fee or fee associated with closing your fund.

Grow

• Increase your charitable impact by growing the dollars in your fund.
• Donor Advised Funds can grow through a variety of investment offerings. Assets in your fund grow tax free.
• Invest your contribution in one of our professionally managed investment pools. Or, if you prefer, your financial advisor can continue to manage the assets.

Grant

• Make grant distributions from your fund to your favorite nonprofits, anywhere, and at any time.
• The grant amount can range from $100 to $1,000,000 or more.
• Use our online fund management tool to recommend grants from your fund, make gifts to your fund or research giving opportunities.
• The online management tool keeps your giving history organized in one place. No more storing multiple receipts!
• There are no annual minimum grant distribution requirements.

FAQs

Are there any restrictions on the nonprofits I can support with my Donor Advised Fund?

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.

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How do I claim tax benefits for my donations?

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.

How do I grow my Donor Advised Fund?

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.

Learn more about other ways to become a fundholder and make a difference with Community Foundation Tampa Bay.
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COMMUNITY FOUNDATION TAMPA BAY IS A PUBLIC CHARITY RECOGNIZED AS A TAX EXEMPT ORGANIZATION BY THE IRS UNDER SECTION 501(C)(3). COMMUNITY FOUNDATION TAMPA BAY MEETS ALL REQUIREMENTS SPECIFIED BY THE FLORIDA SOLICITATION OF CONTRIBUTIONS ACT. A COPY OF THE OFFICIAL REGISTRATION AND FINANCIAL INFORMATION MAY BE OBTAINED FROM THE DIVISION OF CONSUMER SERVICES BY CALLING TOLL-FREE (800-435-7352) WITHIN THE STATE OR VIA THE INTERNET AT https://www.fdacs.gov/Divisions-Offices/Consumer-Services. REGISTRATION DOES NOT IMPLY ENDORSEMENT, APPROVAL, OR RECOMMENDATION BY THE STATE. THE FOUNDATION’S STATE REGISTRATION NUMBER IS CH793.