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Showing posts from August 6, 2017

Donor-Advised Funds: What You Need to Know Before Colorado Gives Day!

Vickie Wilson, Vice President of Development

Donor-advised funds have rapidly grown into an $8 billion market. As year-end fast approaches, some of your donors may want to consider establishing a fund. Community First Foundation encourages you to learn the facts about how donor-advised funds work and how they can best serve your donors and support your organization.

Donor-advised funds were introduced back in the 1930s as a tool for community foundations to increase philanthropy, but it was not until 1969 that Congress and the IRS legally formalized their structure. By the early 1990’s, commercial providers such as Fidelity Charitable, Schwab Charitable, and Vanguard Charitable had entered the market.  Since then, donor-advised funds have grown in visibility and popularity to become one of the country’s fastest growing philanthropic vehicles.

For community foundations, donor-advised funds serve to engage donors and nurture greater charitable activity in the community. Donor-advised fu…