Harness the Giving Power of a Private Foundation
Support What Matters
Learn more about donor advised funds. View and download the FREE guide One-Stop Giving: The Convenience and Simplicity of Donor Advised Funds.View My Guide
A donor advised fund is like a charitable savings account. It gives you the flexibility to recommend how much and how often money is granted to the YMCA of the Triangle and other charities.
You transfer cash or other assets to a tax-exempt sponsoring organization such as a public foundation. You can then recommend — but not direct — how much and how often money is granted. In addition, you avoid the cost and complexities of managing a private foundation.
You qualify for a federal income tax charitable deduction at the time you contribute to the account. Other benefits include avoiding the cost and complexities of managing a private foundation, and keeping all your giving and records in one location.
An Example of Donor Advised Funds
Laura and Michael want to give back to their community by putting their money where it will do the most good. They establish a $25,000 donor advised fund with a community foundation.
The couple receives a federal income tax charitable deduction for the amount of the gift. They also get all the time they need to decide which charities to support.
After researching community needs with the foundation’s staff, Laura and Michael recommend grants for the YMCA of the Triangle, which they've supported for years, and North Carolina Relay for Life. The foundation presents the charities with checks from Laura and Michael's donor advised fund, called the Megan Fund, named in honor of their granddaughter. Laura and Michael are delighted to start this personal legacy of giving.
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Not Sure How to Begin Planning?
- Evaluate a sponsoring organization to make sure it supports your interests, values and the type of asset you are considering as a funding source.
- Get to know the organization's policies and procedures-from minimum contributions to administrative fees. Each organization handles these details differently.
- Contact Liz Farris at 919-582-9329 or Liz.Farris@YMCATriangle.org to discuss using donor advised funds to support the YMCA of the Triangle and our mission.
- Seek the advice of your financial or legal advisor.
- If you include the YMCA of the Triangle in your plans, please use our legal name and federal tax ID.
Legal Name: The Young Men's Christian Association of the Triangle Area, Inc.
Address: 801 Corporate Center Drive, Suite 200, Raleigh, NC 27607
Federal Tax ID Number: 56-0591307
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 any examples are for illustrative purposes only. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results. Annuities are subject to regulation by the State of California. Payments under such agreements, however, are not protected or otherwise guaranteed by any government agency or the California Life and Health Insurance Guarantee Association. A charitable gift annuity is not regulated by the Oklahoma Insurance Department and is not protected by a guaranty association affiliated with the Oklahoma Insurance Department. Charitable gift annuities are not regulated by and are not under the jurisdiction of the South Dakota Division of Insurance.