Donor Advised Fund
A Donor advised fund allows for ongoing involvement in the use of your gift. You can make recommendations at any time to the nonprofit organizations, issues and community needs in the Adirondack region and beyond. Grants from your fund are made at your recommendation. It's an ideal way to fulfill your immediate charitable interests and broader charitable goals, especially if your interests vary or may change over time. A donor may establish an endowed or a fully expendable Donor Advised fund.
Establishing a private foundation can be an excellent tool for perpetuating family traditions of giving and community involvement, but it can also be an administrative burden. By partnering with ACT and establishing a Donor Advised fund, simpler giving options are available.
Take a look at a chart that illustrates how a Donor Advised fund works.