Executive Donor Advised Fund Program

The Community Foundation’s Executive Donor Advised Fund Program helps you attract and retain talent by making it easy and convenient for each executive in the program to establish a personal charitable fund (a “donor-advised fund”) to support the executive’s favorite charities.

Here is how it works:

  • The Community Foundation works with each executive to complete and sign simple paperwork establishing a fund in the executive’s name or whatever name the executive chooses for the fund (the Smith Family Foundation Fund, for example).

  • After the fund is established, the executive may make contributions to the fund, anytime, of cash or marketable securities. Contributions to the fund are eligible for an income tax deduction in the year of the contribution.

  • As an additional incentive, the company may elect to pay each executive fund’s annual administrative and community support fee. The company may even decide to make matching contributions to executives’ funds.

  • The executive may recommend grants–at any time and in any amount–out of the fund to support their favorite 501(c)(3)-designed charities. 

  • Executives gain all of the advantages of a donor-advised fund, including:

  • Effective vehicle to organize charitable giving and avoid tracking individual charitable gift receipts for tax purposes

  • Tax-savvy alternative to a private foundation, thanks to fewer expenses to establish and maintain, maximum tax benefits (higher AGI limitations and fair market valuation for contributing hard-to-value assets), no excise taxes, and confidentiality (including the ability to grant anonymously to charities)

  • Opportunities to be part of a community of giving and collaborate with other donors who share similar interests

  • Option to tap into the Community Foundation’s expertise in strategic grant making, family philanthropy, and deep knowledge about local issues and nonprofits making a difference

  • Give appreciated stock held for more than one year (a long-term capital asset) to the fund, instead of selling it outright, thereby avoiding the capital gains tax (plus, marketable securities are typically deductible at their fair market value, further helping the executive’s overall income tax situation)