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Donor Advised Funds provide maximum convenience and flexibility by enabling donors to address a wide variety of issues as their charitable interests and priorities change over time. With this type of fund, the donor makes suggestions for distributions to specific charities.
A Donor Advised Fund offers a convenient way to use appreciated property rather than cash for contributions, and many donors choose this type of fund to simplify their annual charitable giving. The Community Foundation manages check writing, reporting and paperwork.
A Donor Advised Fund may be endowed or non-endowed. A donor who creates an endowed Donor Advised Fund recommends grants from the fund during his or her lifetime, and identifies the causes or organizations that the Foundation will continue to support, in the donor’s name, after death. The Foundation’s stewardship ensures that the donor’s charitable intent is fulfilled.
For the donor who wants to involve children or grandchildren in a family tradition of giving, a Donor Advised Fund is the perfect vehicle.
For more information on the Donor Advised Fund, please contact John Colgan at (509) 457-7616 or johnc@yvcf.com.
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Alan Dillman, Vice President Baker Boyer Bank
Alan Dillman believes he has found the perfect tool for the bank's charitable gifting in the Yakima Valley: the Baker Boyer Bank Donor Advised Fund. "I like the idea of being able to shift gifts from one area to another. With this fund, we get to make decisions about our charitable contributions, so there's a lot more flexibility and personal connection that way."
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