Donor Advised Funds – an alternative to your own charitable foundation

With Benefaction Foundation, you can realize the financial advantages and personal satisfaction that come with establishing your own charitable foundation, with significantly less cost and complexity.  By establishing a Donor Advised Fund with us you can name your foundation whatever you wish and manage all your charitable donations through one vehicle tailored to reflect your philanthropic goals and values.

You advise us on how you would like your donation to be used and on how you would like the assets invested, and you’ll receive tax benefits on your donation. In the meantime, we work behind-the-scenes, handling all the administrative details and providing you with regular, measurable feedback on the positive impact of your generosity.

Donor Advised Funds  (or Endowment Funds) are a flexible and cost-effective method of leaving a lasting legacy—similar to establishing your own foundation—but without the time and expense required to manage one.  You can set up your fund online for as little as $250.00.

Or, if you want to give more and have your own investment advisor manage the assets in your fund, simply fill out our Donor Agreement.  In this case, an initial donation of $25,000, is required to get started.

There is no formula for philanthropic giving. Every individual, family and organization has distinct interests, concerns, goals and needs. Benefaction can work with you to develop a personalized giving plan, tailored to reflect your family’s philanthropic goals and values.

Benefaction’s staff and network of expert advisors are available to help you:
• Focus your giving strategy
• Evaluate the impact of your gift
• See your charitable dollars at work
• Involve family members in your giving strategy over time