by Jan Holly
The Charitable Foundation of the Islands invites Islanders wishing to enhance their philanthropic reach to consider its Donor Advised Funds giving opportunity.
The Charitable Foundation of the Islands is an organization that provides continuing financial support to worthy causes exclusively on Sanibel and Captiva. Its primary concerns are basic human needs, arts and education, the environment and unforeseen emergencies.
As its mission statement reads: “Our mission is to promote philanthropy to help people in need on Sanibel and Captiva, and to strengthen our non-profit organizations that will build a spirit of community for generations to come—through distribution of annually raised funds and stewardship of permanently endowed funds.”
Since its inception in 2000, CFI has given $3 million to Islanders and Island organizations in need. CFI’s Donor Advised Funds are an essential component of that philanthropy.
Donor Advised Funds are ongoing charitable accounts tailored to suit the needs of donors wishing to remain actively engaged in preferred causes and benefit from favorable charitable-giving tax savings.
CFI’s Donor Advised Funds benefit many important Island non-profit organizations. Ralph Clark, secretary of CFI’s Board of Directors, is delighted with a Donor Advised Fund that he set up last year at the suggestion of his accountant. “The process was effortless, CFI’s funds bear no administrative charges, and I enjoyed a welcome tax benefit,” he said. “It is a much better way to manage my charitable giving.”
Investing in a Donor Advised Fund through CFI is easy. A minimum investment of $5,000 establishes an account, either named or anonymous. The account is managed by CFI, through the Sanibel Captiva Trust Company, on behalf of the donor, but the donor is free to direct allocation of the funds. Donor Advised Fund grants are given in the name of the fund, unless the donor requests anonymity.
Many donors make contributions to their favorite charities at the end of the year, while tax benefits for that year are available. Prospective donors can still join CFI’s Donor Advised Funds roster and enjoy the tax benefits that such generosity allows.
Donor Advised funds represent an essential avenue for partnering with CFI for the benefit of the many charitable causes in our Island community. For further information on CFI’s Donor Advised Funds, visit this CFI webpage. To establish and customize a CFI Donor Advised Fund for yourself, your family or your business, contact CFI today. Through CFI, support all of your favorite charities over time, and receive an immediate tax deduction for your donation.
Published by the Santiva Chronicle on December 20, 2016.