Donor Advised Funds
A donor advised fund is a unique philanthropic option that allows you to establish a charitable account in your name and remain involved in supporting the issues and causes you care about. When your donor advised fund is established, you relinquish personal control of the donation to the Charitable Foundation of the Islands, which manages the investment on your behalf, but you advise us on how to grant the money to your favorite charities. Charitable giving becomes easy, convenient, flexible and rewarding.
Grants from your donor advised fund are always made in the name of your fund, unless you choose anonymity. Many donors involve family members in grant-making considerations, an approach that promotes the spirit of philanthropy in future generations. Successor advisors may be named to continue the tradition of giving through the future years.
A donor advised fund operates much like a private foundation, but without the start-up and ongoing administrative expenses and without the tax-reporting requirements. There are no charges to establish a donor advised fund and you are not tied to any single charitable organization or giving pattern in the future.
Contact the Charitable Foundation of the Islands to establish and customize a donor advised fund for yourself, your family or your business. Support all of your favorite charities over time while receiving an immediate tax deduction for your donation.