What is donor-advised fund?

As described by the IRS, a donor-advised fund (DAF) is a separately identified fund or account that is maintained and operated by a section 501(c)(3) organization, which is called a sponsoring organization Each account is composed of contributions made by individual donors. Once the donor makes the contribution, the organization has legal control over it. However, the donor, or the donor’s representative, retains advisory privileges with respect to the distribution of funds and the investment in the account. DAFs are the fastest growing charitable giving instrument in the United States because they are easy to open and manage and offer tax advantages when giving to charities.

What security measures are in place to protect any contributions made through this donor-advised fund?

All investments made through the Community Foundation for Inspired Giving’s secured websites are in FDIC and SIPC financial institutions. To further ensure security, The Community Foundation for Inspired Giving adheres to strict privacy guidelines. No individual donor-advised funds or confidential information is released to public unless at the direction of the donor.

Where are donor-advised investments housed?

All investments are housed in the Community Foundation for Inspired Giving, the tax- exempt administrative power behind the Giving Group. Established in 1995, the Giving Group’s mission is three-fold: (1) to maximize technology in inspire donors in their charitable giving activities; (2) to educate donors about the importance of giving today as well as in the future; and (3) to empower donors to help perpetuate the organizations that they care about.

Is the Community Foundation for Inspired Giving associated with other web-based giving organizations?

Yes. The Community Foundation for Inspired Giving works with several of the leading and most respected online giving companies to provide the Give Now, Give Later, Give Forever™ feature to charitable organizations throughout the nation — both in technology and giving solutions.