Donor Advised Funds
A Donor Advised Fund is like having your own Family Foundation without all of the work. You can make a contribution now and decide later which charities to support. Here is how it works.
- • You donate cash or other assets now and receive an immediate income tax deduction.
• The Foundation creates a new account for these funds.
• You may then advise or recommend distributions to qualified charities you wish to support.
• Gifts may be made in your name or anonymously.
• The assets are professionally managed in the Foundation’s asset management program and earnings are added to the account balance.
• The Foundation does all the accounting and reporting.
• There are no minimum distribution requirements.
• You are not required to allocate a certain amount to The Fuller Foundation or to Fuller Seminary, although your support is always welcomed.
- The program is very simple and gives you maximum flexibility regarding the amount, the timing, and the charitable recipients of the future distributions without the administrative burden of a private or family foundation.
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