Support the Important Causes in Your Life
Harness the Giving Power of a Private Foundation
A donor advised fund, which is like a charitable savings account, gives you the flexibility to recommend how much and how often money is granted to Cambridge in America and other charities.
You transfer cash or other assets to a tax-exempt sponsoring organization such as a public foundation. You can then recommend—but not direct—how much and how often money is granted. In addition, you avoid the cost and complexities of managing a private foundation.
In return, you receive an immediate federal income tax charitable deduction at the time you contribute to the account. This also allows for a centralized giving and record-keeping system in one location.
An Example of How It Works
Joe and Laura want a more organized way to manage their philanthropic giving. They establish a $25,000 donor advised fund with a foundation.
The couple receives a federal income tax charitable deduction for the amount of the gift. They also get all the time they need to decide which organizations and causes they want to support.
After researching needs with the foundation's staff and expressing their goals, Joe and Laura recommend a grant for CAm for the benefit of the Department of Land Economy and for DAMTP. The foundation presented CAm with a check from the Megan Fund, which Joe and Laura named in honor of their granddaughter. Joe and Laura are delighted to start this personal legacy of giving.