Creating a tax-deductible donor advised fund at the Rhode Island Foundation makes it simple to support the causes you care about - today and for years to come.
A Donor Advised Fund is a flexible giving vehicle that allows you to support the charities you choose through grant recommendations on your own timetable. Think of it as a “charitable check-book”.
Establishing a Donor Advised Fund
The minimum gift to establish a named donor advised fund is $10,000. The minimum grant from the fund to other qualified charities is $250.
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Our Development team will listen to you, work with you at your pace, and help you create your philanthropic legacy. Just fill out the form below or call (401) 274-4564 to get started.
What are the benefits of a Donor Advised Fund?
You establish the fund by signing a simple document and making an irrevocable gift of cash, securities, or other assets. You choose the fund name and designate its advisors.
You recommend grants to any qualified U.S. charitable organization at any time of the year. The Foundation reviews your recommendations and, if all is in compliance, makes grants to the charitable organizations on your behalf. Donor advised fund grants are processed within five to ten business days.
Our “business” is philanthropy and nothing else. We seek to maximize our investment returns, and therefore funds available for the community, by investing prudently in a broadly diversified portfolio that includes stocks, bonds, global investments, and alternative investment strategies. Donors have the option of investing in one of three pools that complete our endowment. The Foundation acts like your philanthropic office by ensuring compliance, processing grant checks, filing any required returns, and advising you on philanthropy. We can also work with our donor advised funds to fund projects together.
Your initial gift to create a fund—and subsequent gifts to support it—receive the maximum tax benefits allowed by law. In addition to cash, the Foundation accepts gifts of securities, real estate, and other personal property, which may help you avoid capital gains taxes on appreciated assets.
The original donor(s) may name a successor advisor to the fund to create a tradition of philanthropy. The fund continues and keeps its name in perpetuity. When there is no remaining successor advisor, your fund will be used to address the most pressing needs in Rhode Island or for a particular field of interest, either topical or geographic
