Joe has just learned that he will receive a year-end
bonus, and would like to give something back to the
community. Because it is so close to the end of the
year, Joe and his wife Sue do not have the time to
research the charities they want to benefit from their
gift. The couple's tax advisor suggests the couple
establish a donor advised fund
at their local community foundation.
By establishing a donor advised fund at one of the
affiliates of the First Community Foundation of
Pennsylvania before the end of the year, the couple may
take an immediate tax deduction. Later, they can make
recommendations on grants from the fund. The couple can
even involve their children or grandchildren in making
decisions on which charities to recommend for grants. If
they need advice or information about the needs in the
community, the Foundation's program staff can provide
guidance.
Donor advised funds can be established in as little as a
few days, and provide donors with a hassle-free tool for
establishing an enduring community legacy. For more
information, or to establish your own fund, contact the
Foundation.
