Donor Advised Fund
A Donor Advised Fund is an account that you set up which is managed by a public charity such as IPO. IPO can facilitate the establishment of your account through our relationship with Morgan Stanley. Here’s how it works:
- You make a gift to the account. Your gift qualifies as a tax-deductible charitable gift on your Federal Income Tax. Your account value grows tax-free.
- You and/or your designees can recommend—but not direct—how much and how often you want to distribute funds from that account to IPO and to other charities.
A Donor Advised Fund is like a charitable savings account. You centralize your giving in one location. You avoid the cost and complexities of managing a private foundation. Recent changes to the federal tax law often create an advantage to taxpayers who take a large charitable deduction in a single year. And best of all, you decide over time where to recommend grants to charities you want to support.
If you would like to set up a Donor Advised Fund with funds distributed to IPO, or if you would simply like more information, please call the IPO Office 708-481-7774 to schedule an appointment.