A donor advised fund enables you to set up your own named fund and have complete control over the donations you make. Enabling you to donate to causes that you care about.
A donor advised fund is an alternative to direct giving or setting up a private foundation. It is an easy-to-establish, low cost, flexible structure for charitable giving.
We currently manage close to 100 donor advised funds at the Community Foundation For Ireland.
When you create a donor advised fund:
- We handle the legal and administrative side on your behalf.
- We take responsibility for governance, compliance and due diligence concerning any donation you choose to make.
- Our expert Grants & Donor team have in-depth knowledge to help develop your charitable giving strategy, select the right cause or non-profit organisation to support and ensure you receive feedback on how your donation was used.
- You can avail of our charitable status so you can give tax efficiently and with immediate effect.
- Read more about giving through the Community Foundation For Ireland.
How To Set Up A Donor Advised Fund:
- You decide what name to give your fund and who will be involved from your family or business.
- You choose whether to give anonymously or not.
- You choose the type of fund that best suit your goals, including a long-term endowed fund, a spend-down fund or a flow-through account. All of which we will advise you on.
- You decide what initial contribution to make and whether to give annually or spend down a lump sum. A donor advised funds are generally at a scale of €25,000 upwards.
- You decide what type of advice you would like from us to help plan your charitable giving.
- You decide what donations to make to which charities/communities.
Costs
Our fees are based on the scale of the fund and the level of grant activity. All donors contribute towards the cost of running The Community Foundation for Ireland. The Community Foundation for Ireland is a registered charity, and we keep our costs as low as possible. Typically, the fee for funds is a once-off percentage agreed in advance and paid at the time of donation.
If you would like to start a fund or learn more, get in touch today for more information. Email jharrison@foundation.ie or call us on 01 874 7354.
Sign up for the Community Foundation For Ireland Newsletter here. Get the latest news about funding, giving and the impact being made across Ireland, as well as invites to events and webinars.
Read more about the impacts being made by our donors and partners or download a Giving brochure.
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