1) Must charitable funds established at the DCF benefit only Delaware organizations?
No. One of the DCF’s key roles is to facilitate philanthropy for the people of Delaware, which may include distributing grants to organizations in other states.

2) What is the minimum gift required to establish a fund?
Most funds at the DCF require an initial current gift of $10,000. If your client wants to make a deferred gift, he or she establishes a fund now by executing a fund agreement. The fund then becomes active when the deferred gift provision matures.

3) Are all DCF funds endowed, or may my client spend down his or her fund?
DCF funds are flexible. While most funds are endowed, donors may reserve the right to distribute principal in order to address the causes important to them. The determination depends on your client’s goals.

4) How do DCF costs compare with those of commercial gift funds and private foundations?
While DCF fees are competitive with commercial gift funds, the DCF provides a unique value for your clients. With a DCF fund, your client joins a community of individuals determined to make a difference, and at the same time gains access to DCF services and expertise in philanthropy.

DCF Donor-Advised funds can provide substantial cost savings when compared to a private foundation. See private foundation comparison.

5) What steps are required for setting up a DCF fund?
See “Setting up a fund.”

6) Why should my client work with the DCF?
See “Advantages for your client.”

7) How will my client be treated at the DCF?
The Community Foundation has an excellent record of working with individuals and their professional advisors to fashion charitable funds. Key is our respect for your relationship with your client, as well as your client’s satisfaction. Our role is to facilitate philanthropy by providing excellent service, not to “sell” one particular charitable cause.