Summer is the perfect time to open a donor advised fund at the Rancho Santa Fe Foundation. These charitable funds have many advantages that can maximize both the ease and impact of your giving. Celebrate summer by opening a donor advised fund, and you will still be seeing the benefits at year-end.
1. Put away your checkbook
Your giving can be done entirely online through our DonorCentral platform, or call or email us. With a donor advised fund, you indicate the charities of your choice to receive grants from your fund over time, and we write and send the checks.
2. Simplify tax time
With a donor advised fund, you don’t have receipts to itemize at tax time. You receive a tax deduction each time you contribute to your fund, rather than for each check or online donation you make to a charity.
3. Contribute many types of assets
Did you know that you can transfer appreciated securities to a donor advised fund? You can, and this type of contribution has tax benefits for many donors. Other types of contributed assets to donor advised funds at the Rancho Santa Fe Foundation include: cash and cash equivalents, bequests, life insurance and real estate. Find out how to open a donor advised fund here.
4. Maintain consistent giving
Many donors are aware that their level of charitable giving could decrease significantly when they retire or experience a life event that reduces their income level. Contributing to a donor advised fund during your earning years can provide for consistent giving in retirement.
5. Grow your giving capacity
Monthly investment earnings are credited to your donor advised fund, and earnings on your fund grow tax-free. Our low annual management fee and overall fee structure is competitive with commercial firms and local charitable organizations.
6. Make a greater impact
We provide charitable giving expertise to our fundholders. As a community foundation with deep roots and relationships with nonprofits in San Diego County and beyond, we can make recommendations and advise you on effective strategies for your giving.
At the Rancho Santa Fe Foundation, donors establish donor advised funds for many reasons that reflect the value of these funds for the donors as well as for the nonprofit community. Donor advised funds offer tax advantages, ease of use and a strategic approach to charitable giving. Contact us to find out more about donor advised funds at the Rancho Santa Fe Foundation.