Donor Advised Funds

Donor Advised Funds are a simple, flexible and tax-efficient way to give to your favorite charities. They act like a charitable investment account, for the sole purpose of supporting charitable organizations you care about. When you contribute cash, securities, or other assets to a donor-advised fund, you are generally eligible to take an immediate tax deduction. Then those funds can be invested for tax-free growth, and you can recommend grants to any IRS-qualified public charity like the Hoover Presidential Foundation.

Five Ways to use Your Donor Advised Fund
1. Memorials
You can turn your Donor Advised Fund into a sort of ‘memorial fund’ to honor a late spouse, family member, or friend.

2. Bequests
You can designate the Hoover Presidential Foundation or any charity as the beneficiary of a Donor Advised Fund.

3. Timed Distributions of Bequests
If you like, you can choose a percentage or specific dollar amount to be distributed over time (such as 5 or 10 years… or until the account reaches zero).

4. Giving Appreciated Stock
If you have stock with Fidelity, Schwab, or Vanguard and you’d rather give it away than pay capital gains tax, you can simply move it into a Donor Advised Fund and then again to the Hoover Presidential Foundation – and it can be done easily in a matter of minutes online.

5. Teaching your Kids About Charity
Perhaps you want to name your children as successor advisors on your accounts to help them carry on the family tradition of philanthropy. Or you might want to create new accounts for them to manage on their own.

Contact:
Mundi McCarty
Director of Development
Hoover Presidential Foundation
MMcCarty@HooverPF.org
of 319-643-5327 for more information.

The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in examples are for hypothetical purposes only and are subject to change. References to estate and income taxes include federal taxes only. State income/estate taxes or state law may impact your results.