A Donor Advised Fund is a convenient way for philanthropically minded individuals to simplify their charitable giving and take advantage of maximum tax savings. Donors make an irrevocable contribution to the Orcas Island Community Foundation to establish the fund. These funds are then available for the donor to make grant recommendations to charitable organizations. A Donor Advised Fund can be established with a minimum donation of $2500. For more information on donor advised funds, please contact the OICF office, 376-6423.
Benefits of a Donor Advised Fund:
- Immediate tax benefits.
- Active involvement in the grant making process by recommending grants from your fund to the charities of your choice at your convenience.
- Construction of a legacy of philanthropy to be shared by your family and passed on to your heirs.
- Ease of establishment of a Donor Advised Fund wherein OICF handles all the administrative tasks, due diligence and financial management of the fund.
- Secure asset management