Donor Advised Fund

A Donor Advised Fund at the Nevada Community Foundation is the perfect vehicle for those who wish to be active philanthropists, and it is a great alternative to a private foundation. As a donor advisor to the fund you establish, you have opportunities to learn more about the needs of our community, share your philanthropic values and knowledge with others, and be a partner in grant-making from your fund.

You will have access to our philanthropic, community-based, administrative and financial expertise. Donor Advised Funds are component funds of the Community Foundation, a public charity. Therefore, donations to them qualify for full tax advantages. Additionally, these funds are free from the burdensome details that come with a private foundation because the Nevada Community Foundation handles all of the grant-making paperwork, investing and IRS reporting connected with the fund.

Fund Facts:

• The minimum size of a Donor Advised Fund at the Nevada Community Foundation is $5,000.
• Donor Advised Funds may be either endowed or non-endowed.

Contributions:

You have the opportunity to contribute to your fund at any time. Making gifts of appreciated stock can be particularly advantageous; please contact us for more information.

Grant Guidelines:

Monies from Donor Advised Funds at the Nevada Community Foundation are a significant source of support to vital nonprofit and public programs. As an advisor, your recommendation on grant recipients is valued, and we will provide assistance to you throughout the process. Some guidelines that apply to Donor Advised Funds:

• All grants made must be for charitable purposes and be in line with the purpose of the fund when it was established.
• Grants may not be made to pay dues for membership in an organization, to satisfy personal pledges or obligations made by the donor, or for any purpose from which the donor will receive some benefit. (i.e., table at an event, sponsorship, etc.).

Quarterly Fund Statements:

You will receive a quarterly fund statement detailing the balance of your fund, as well as contributions, grants and the investment activity during that time period.