Donor-advised funds, also known as “sheltered foundations,” rely on the know-how of the “sheltering” foundation. The latter guides founders, right from when they start thinking about the organization they want to set up and throughout its activity.
The sheltering foundation welcomes philanthropic projects from individuals and companies. Together, they draw up an agreement which is the only administrative procedure required to create a donor-advised fund.
Benefits of a donor-advised fund
As well as the simpler set-up and management procedures, the donor-advised fund benefits from the image and “brand” of the sheltering foundation. When it comes to fundraising drives and the search for funds, being attached to an umbrella foundation is a major asset, especially, in terms of security and transparency vis-à-vis donors.
As administrative management is provided by the sheltering foundation, founders can focus their energy on achieving their project.
As to donations, a donor-advised fund and especially its donors, enjoy the same tax advantages as the foundation that shelters it.
The sheltering foundation offers expert advice on charitable activities, finance, tax, assets and legal matters, and guarantees the legality of your donor-advised fund’s activities.