Thank you for your interest in Betty and Joe’s big decision.

To recap, Betty and Joe were contemplating their year-end charitable giving and decided to open a $200,000 donor advised fund at the Foundation.  Their accountant suggested that putting the money in a donor advised fund would not only be positive from a tax perspective, but would leverage their gift in a new and exciting way.  Once the gift was made, the Foundation would immediately make two $10,000 grants to the charities of Betty and Joe’s choice.  That’s a ten percent augmentation on their charitable investment.  (As a savvy investor, Joe really liked that leverage.)

The only decision left for Betty and Joe was whether they should request their $20,000 grant go to one charity or make two $10,000 grants to different charities.

Well, Betty really wanted $20,000 to go to the art center where she took raku classes every Wednesday.  Joe agreed that the art center would be a worthy organization, but he was also fond of the mentoring organization where he was a dedicated volunteer.  “The art center could really use this $20,000 boost,” Betty implored.  So, generous Joe decided they would add an additional $100,000 to their fund and request that the Foundation send a $20,000 grant to the art center and a $10,000 grant to the mentoring program.  And, it pleased Joe to no end that they still had the full $300,000 in their donor advised fund from which to make their many other year-end charitable gifts!

Gifts may be made to an existing (or new) fund at the Foundation, including unrestricted, field of interest, designated, scholarship or donor advised.  If you would like to add to or start a charitable fund and take part in this limited-time opportunity, call 941.486.4600 today.  It takes only minutes to be on your way to helping our community.