A donor advised fund is a tax-free investment account for the sole purpose of supporting charities you care about forever, while also typically granting you tax benefits.
In addition to managing your fund, our team can help you make your grants as powerful as possible by leveraging our knowledge of Delaware and opportunities to effectively address its most critical challenges.
The DCF is permanent endowment for our community. You can be confident that the DCF will be here to honor and protect your charitable wishes in perpetuity.
How a donor advised fund works
- Open the fund with an initial gift to the DCF of $15,000 or more in cash or other assets, such as appreciated stock, mutual funds or real estate. Most establishing gifts are tax deductible.
- Name the fund for yourself, your family, your business, or for the legacy you wish to create. You don’t have to select a specific charity or charities at this stage.
- Designate advisors to the fund, such as yourself, your spouse or your children.
- Plan for the future by working with the DCF to design a succession plan for your fund, defining how it is to be used after you are gone.
- Choose an investment strategy from the DCF’s investment pools, or ask about way to keep your personal financial advisor involved, including through our Charitable Partners Program.
- Recommend grants to nonprofits. Each year, consult with the DCF to decide which charities will receive grants from your fund. If you wish, grants may be kept anonymous to protect your privacy.
- The DCF delivers the check or gives you a check to deliver yourself.
- Add to your fund at anytime to take advantage of additional tax benefits while increasing the amount available for grants.
- Review your fund activity online.
All funds are charged fees based on the DCF’s Fee Schedule.
A donor advised fund at the DCF is a powerful giving tool that will have a lasting impact on the community you care about. To begin the process of establishing your new charitable fund, please contact Joan Hoge-North, 302.504.5224.