For individuals and families seeking active involvement in philanthropy, Donor Advised Funds create a working partnership with the Foundation. You are able to chart the course of your giving according to your own principles and values by making specific recommendations for grants to charitable organizations. You may establish the fund in your own or your family's name. Or, you may select a different name, e.g. 'The Tzedakah Fund,' to remain anonymous. You will be free from the details of financial management, reporting, and other paperwork — you focus only on the charitable use of your donations. Other family members can be named as advisors, thereby encouraging children and grandchildren to carry on a tradition of family philanthropy.
Donor Advised Funds harness powerful philanthropy in a simple manner. Donor advised funds also offer an attractive alternative to private foundations.