What is a Donor Advised Fund?
A donor advised fund is a vehicle for charitable giving. It allows you to combine the most favorable tax benefits with the flexibility to support your favorite charitable organizations at any time. Here’s how it works:
- A donor or donors open an account by completing an ACP Account Application, and identifying account donors and nominators.
- Next, you fund the account with an irrevocable, tax-deductible contribution in cash or securities (initial minimum contribution of $5,000).
- You may then Nominate Grants to Charity now, or in the future.
- Meanwhile, your account contributions have the opportunity to grow and help make a greater charitable impact through the fund’s investment pools. Any additional contributions you make to your account are eligible for current-tax-year deductions.